Based on eight years of continued prosperity, presidents and economists alike confidently predicted that America would soon enter a time when there would be no more poverty, no more depressions -- a "New Era" when everyone could be rich. But when reality finally struck, the consequences of such unbound optimism shocked the world.
William Howard Taft (September 15, 1857 - March 8, 1930) was the 27th president of the United States and the tenth chief justice of the United States, the only person to have held both offices.
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