THE PROGRESSIVE ERA 1900 1917
THEODORE ROOSEVELT THE PROGRESSIVES
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
places restrictions on land usage
|
|
|
takes no action on corporate mergers
|
|
|
controls methods of production
|
|
|
determines the price of goods
|
Detailed explanation-1: -In the American Gilded Age (1865-1910), laissez-faire was the dominant economic doctrine of the U.S. government. In layman’s terms, laissez-faire means “allowing you to do as you wish, ” which means the government plays a minimal role in the economy.
Detailed explanation-2: -The United States has never had a free market, as described by Rand and Mises. As a result, attempts at laissez-faire policies have not worked. However, the U.S. Constitution has provisions that protect the free market: Article I, Section 8 protects innovation as a property by establishing a copyright clause.
Detailed explanation-3: -Which was an important benefit of the laissez-faire policies of the federal government in the late nineteenth century? American entrepreneurs were able to invest in their businesses with little government interference. American businesses were able to avoid the ups and downs of the business cycle.
Detailed explanation-4: -Laissez-faire attitude (hands off) towards government involvement in the economy. Republican presidents of the 1920s allowed businesses to do what they wanted with little government interference. Led to collapse of Stock Market which then led nto the Great Depression.