WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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American entrepreneurs were able to invest in their business with little government interference
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American businesses were able to avoid the ups and downs of the business cycle
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American workers found it easy to organize into labor unions
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American workers felt secure about the safety conditions in factories.
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Detailed explanation-1: -Which was an important benefit of the laissez-faire policies of the federal government in the late nineteenth century? American entrepreneurs were able to invest in their businesses with little government interference. American businesses were able to avoid the ups and downs of the business cycle.
Detailed explanation-2: -From the French for “let them do [what they will], ” proponents of laissez-faire policies, known as liberals, believed that the free market would naturally produce the best and most efficient solutions to economic and social problems.
Detailed explanation-3: -Laissez-faire government policies helped the growth of American businesses by not putting regulations on them that would hamper their productivity and profitability.