The presidency of Warren G. Harding began on March 4, 1921, when Warren G. Harding was inaugurated as President of the United States, and ended when he died on August 2, 1923, a span of 881 days. He believed that the best way to restore economic prosperity was to raise tariff rates and reduce the government's role in economic activities. His administration's economic policy was formulated by Secretary of the Treasury Mellon, who proposed cuts to the excess profits tax and the corporate tax. Harding proposed a settlement that made some concessions, but management objected. Attorney General Daugherty convinced Judge James H. Wilkerson to issue a sweeping injunction to break up the strike. Although there was public support for the Wilkerson injunction, Harding felt it went too far, and had Daugherty and Wilkerson amend it. 'Table 1.1—Summary of Receipts, Outlays, and Surpluses or Deficits (-): 1789–2019'.
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