What did President Coolidge mean when he said "the chief business of the American people is business"?

The government should lower import duties.

Labor unions should be banned.

The government should be business-friendly.

Businesses should be better regulated.

Question

What did President Coolidge mean when he said "the chief business of the American people is business"?

The government should lower import duties.

Labor unions should be banned.

The government should be business-friendly.

Businesses should be better regulated.

anonymous · Answer

hope this helps Actually, it's a misquote, according to the Coolidge Memorial Foundation. He gave the speech in mid-January 1925 and his point was not that business is all that matters. He first said that "The chief business of the American people is business... Of course the accumulation of wealth cannot be justified as the chief end of existence." He went on to conclude that "... We make no concealment of the fact that we want wealth, but there are many other things that we want very much more. We want peace and honor, and that charity which is so strong an element of all civilization." So, he was saying that money and business are important, but they should not dominate our life because other things matter too. 
More about what he actually said is found by following the link below.