Why did Calvin Coolidge make the statement the business of America is business?

Calvin Coolidge made the statement "the business of America is business" to emphasize the importance of economic prosperity and the role of businesses in driving the nation's growth during the 1920s. He believed that a healthy economy would lead to increased consumer spending and overall national prosperity, reflecting his commitment to minimal government intervention in the economy. This philosophy aligned with the prevailing sentiment of the era, which valued free enterprise and the idea that economic success was integral to American identity.