What economic ideology characterized the political climate during Calvin Coolidge’s presidency?

The economic ideology that characterized the political climate during Calvin Coolidge’s presidency was laissez-faire. This approach emphasizes minimal government interference in the economy, advocating that the free market should regulate itself through supply and demand. Coolidge, who served as president from 1923 to 1929, strongly believed in promoting business and industry by reducing taxes and limiting government regulation. His administration is often associated with a period of economic prosperity known as the "Roaring Twenties," during which there was significant growth in consumerism and industrial production.

The focus on laissez-faire policies during Coolidge's presidency was reinforced by the prevailing belief that economic growth would be driven primarily by private capital and entrepreneurial spirit rather than government intervention. This period saw a reduction in federal oversight and a move towards greater financial deregulation, aligning closely with laissez-faire principles.