In an oft-quoted line, President Calvin Coolidge famously declared in 1925 that “the chief business of the American people is business.”
Some have accused Coolidge of suggesting here that commerce is the highest moral aspiration of the American people, but he’d be the first to disagree. “We make no concealment of the fact that we want wealth, but there are many other things that we want much more,” he said in the same speech. “We want peace and honor, and that charity which is so strong an element of all civilization.”
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