There are around twenty-odd reasons for the boom period of the 1920s. I wouldn’t give Harding that much credit. Lowering the tax rates really helped a good bit. But the arrival of cars for the middle-class, the take-off of radio, rapid arrival of movies, vacations becoming a common thing for regular people, and the vast commercial awakening of sports in America all helped as well.
It’s become kind of a fad now to favorably compare the hands-off approach of the gov’t to the 1920-21 depression, to the interventionist approach during the Great Depression and currently. Books, magazine articles, etc.
I think they make a good point.