What was meant by the chief business of the American people is business?

The phrase "the chief business of the American people is business" suggests that the primary focus and driving force of American society and its economy is commercial enterprise and economic activity. This statement, often attributed to President Calvin Coolidge, reflects the belief that individual prosperity, innovation, and capitalism are central to the nation's identity and success. It underscores the idea that economic growth and business development are crucial for overall societal progress and well-being.