Roosevelt, Mellon, and the Failure of Elites to Fix the Economy

More than politics was at stake in the clash of these two titans. President Franklin D. Roosevelt and American businessman Andrew W. Mellon (Photos via Getty Images). Turn any article into a podcast. Upgrade now to start listening. Members can share articles with friends & family to bypass the paywall. In January 1925, President Calvin Coolidge addressed the gathered members of the American Society of Newspaper Editors. He lauded newspapers for playing an essential role in “a system of free government.” Coolidge also struck upon a great truth about America: “[T]he chief business of the American people is business. Want to see more of The Dispatch in Google search? Add Us as a Preferred Source Kevin R. Kosar is a senior fellow at the American Enterprise Institute. He is the author of Whiskey: A Global History and Moonshine: A Global History and edits Beverages, Books, and More. More We Think You’d Like