WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
it describes the workers of the Gilded Age who worked so hard they didn’t have time to be lazy
|
|
|
It’s a social belief that if you were poor it was because you weren’t working hard enough.
|
|
|
an ethnic neighborhood
|
|
|
it’s an economic belief that government should stay out of business affairs-no regulations for companies/factories.
|
Detailed explanation-1: -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. Laissez-faire advocates that economic success is inhibited when governments are involved in business and markets.
Detailed explanation-2: -Laissez-faire is a French phrase that translates to “allow to do.” It refers to a political ideology that rejects the practice of government intervention in an economy. Further, the state is seen as an obstacle to economic growth and development. The term originated in the 18th century during the Industrial Revolution.
Detailed explanation-3: -Answer. laissez-faire is a term in economics usually referring to an economy which is completely free from government’s interferences.
Detailed explanation-4: -Pillars of capitalism In free markets, also called laissez-faire economies, markets operate with little or no regulation.