2. William J. Clinton
> DJIA performance: +228.9%
> Served from: Jan. 20, 1993 – Jan. 20, 2001
> Months in office: 96
> Party affiliation: Democrat
The DJIA skyrocketed by nearly 230% under President Bill Clinton. Over the course of Clinton’s two terms — defined by nearly unprecedented peace and economic prosperity — the unemployment rate fell from about 7% to 4%, inflation dipped to its lowest level in 30 years, the government achieved a budget surplus, and the administration signed an agreement eliminating trade barriers between the United States, Canada, and Mexico. Within two months of Clinton’s departure from office, the United States fell into a recession for the first time since George H.W. Bush was in office.
1. Calvin Coolidge
> DJIA performance: +230.5%
> Served from: Aug. 2, 1923 – March 4, 1929
> Months in office: 67
> Party affiliation: Republican
President Calvin Coolidge presided over the largest gains in the Dow of any president since the end of WWI. Vice president to Warren Harding, Coolidge found himself in the Oval Office following Harding’s sudden death in 1923. Coolidge cleaned up the widespread corruption of Harding’s administration, cut income, gift, and inheritance taxes, reduced government spending, and adopted a pro-business posture.
Coolidge served during a decade of unprecedented growth in wealth, consumerism, and urbanization that came to be known as the Roaring Twenties. Under Coolidge, the Dow shot up 230.5%. Just six months after Coolidge left office in March 1929, the United States slipped into an economic depression that wiped out all stock market gains accumulated during his presidency.