USA HISTORY

Detailed explanation-1: -Jefferson believed in an economic idea known as laissez faire (les ay FAYR), a French term meaning “let do, ” meaning letting people do as they please.

Detailed explanation-2: -Jefferson’s commitment to Republican simplicity was matched by his stress on economy in government. He slashed army and navy expenditures, cut the budget, eliminated taxes on whiskey, houses, and slaves, and fired all federal tax collectors.

Detailed explanation-3: -Laissez-faire is an economic idea that says the government should not have anything to do with trade. It’s a “hands off” way of doing things, or a fancy way of saying: let it be. Jefferson believed that if you, Washington, and the rest of the government were to step back, trade would do very well.

Detailed explanation-4: -Influence on U.S. Diplomacy As Secretary of State, Jefferson’s approach to foreign affairs was limited by Washington’s preference for neutrality regarding the war between Britain and France. Jefferson favored closer ties to France, who had supported the United States during the Revolutionary War.