Before the economic crisis, boundless hope and blinded optimism among the public were burgeoning. The most representative example was Coolidge’s speech at the Congress. On December 4, 1928, President Coolidge sent his last message on the state of the Union to the reconvening Congress. “No Congress of the United States ever assembled, on surveying the state of the Union, has met with a more pleasing prospect than that which appears at the present time. In the domestic field there is tranquility and contentment…and the highest record of years of prosperity. In the foreign field there is peace, the goodwill which comes from mutual understanding…”He told the legislators that they and the country might “regard the present with satisfaction and anticipate
