What were some of the positive and negative economic effects of “Coolidge Prosperity”?

Although mocked for his afternoon naps, Coolidge was hardly slothful. He worked diligently, relying heavily on his Cabinet, but devoting serious attention to issues that crossed his desk. But his view of the presidency, like that of Harding immediately before him, marked a departure from the activism of Theodore Roosevelt and Woodrow Wilson. Coolidge's political philosophy and personal temperament conveniently aligned in his belief that the President should not undertake sweeping new reforms to address the challenges of the modern, industrial age. He favored instead a hands-off leadership style and a restrained view of the executive, delegating tasks to his Cabinet, leaving most issues to the states to resolve, and even on federal matters frequently deeming restraint to be the wiser course than bold action.

Explanation:

congress was not thoroughly prohibiting states from funding religious schools.

the constitution of the united states gave congress the absolute authority over immigration laws