THE VIRGINIA DYNASTY 1801 1825
THOMAS JEFFERSONS PRESIDENCY LOUISIANA PURCHASE LEWIS CLARK AND MORE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a policy that would make the federal government even stronger.
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a policy that would allow Jefferson to become king.
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a policy of letting things take their own course without interference.
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a policy of letting other government officials make all the decisions.
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Detailed explanation-1: -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.
Detailed explanation-2: -The phrase is traditionally attributed to French businessman M. Le Gendre from when he responded to a Mercantilist minister, Jean-Baptiste Colbert. The laissez-faire theory mainly advocates government non-intervention.
Detailed explanation-3: -As the subcontinent was struck by a number of severe famines, the colonial administration chose a response based on strict principles of laissez-faire. This meant a reliance on market forces, and a stance of government non-intervention, even as millions of Indians starved to death.