THE ROARING 20S 1920 1929
1920S AMERICAN CULTURE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Laissez-faire
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Capitalism
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Communism
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None of the above
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Detailed explanation-1: -Laissez-faire is a policy of minimum governmental interference in the economic affairs of individuals and society. The doctrine of laissez-faire is usually associated with the economists known as Physiocrats, who flourished in France from about 1756 to 1778. The term laissez-faire means, in French, “allow to do.”
Detailed explanation-2: -Laissez faire is most commonly used in the context of economics, but it can be used in everyday life to refer to a hands-off approach to something. The adjective form laissez-faire is more commonly used.
Detailed explanation-3: -In laissez-faire policy, the government’s role is to protect the rights of the individual, rather than regulating business in any way. The term ‘laissez-faire’ translates to ‘leave alone’ when it comes to economic intervention. This means no taxes, regulations, or tariffs.