THE ROARING 20S 1920 1929
AMERICAN ORGANIZED CRIME OF THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Communism
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Consumerism
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Laissez-Faire
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dirigisme
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Detailed explanation-1: -laissez-faire, (French: “allow to do”) policy of minimum governmental interference in the economic affairs of individuals and society.
Detailed explanation-2: -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.
Detailed explanation-3: -Laissez-faire means “leave it alone.” Usually it describes the economic policy of a government that stresses non-interference in business.
Detailed explanation-4: -Laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention. The theory of laissez-faire was developed by the French Physiocrats during the 18th century.