USA HISTORY

Detailed explanation-1: -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.

Detailed explanation-2: -Warren G. Harding, an Ohio Republican, was the 29th President of the United States (1921-1923). Though his term in office was fraught with scandal, including Teapot Dome, Harding embraced technology and was sensitive to the plights of minorities and women.

Detailed explanation-3: -Governmental economic policy during the 1920s was eminently conservative. It was based upon the belief that if government fostered private business, benefits would radiate out to most of the rest of the population. Accordingly, the Republicans tried to create the most favorable conditions for U.S. industry.

Detailed explanation-4: -What economic principle best describes the 1920s? Laissez faire: abstention by governments from interfering in the workings of the free market.