Final answer:
President Coolidge's approach to economics in the 1920s was characterized by a laissez-faire policy, advocating for minimal government intervention in the economy and allowing businesses to operate freely.
Step-by-step explanation:
President Coolidge's approach to economics in the 1920s can best be described as laissez-faire. Laissez-faire economics advocates for minimal government intervention in the economy, allowing businesses to operate freely. Coolidge believed that the government should let businessmen handle their own affairs with as little federal intervention as possible. He supported the idea that the rich were worthy of their property and that poverty was the result of personal choices.