WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
IMMIGRATION IN INDUSTRIAL AMERICA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Laissez-faire economic policies meant that the government did what?
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Interfered
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Assisted all businesses
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Allowed big companies to have control and stayed “hands off”
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Allowed smaller companies to grow with a “hands on” approach
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Explanation:
Detailed explanation-1: -The driving principle behind laissez-faire, a French term that translates to “leave alone” (literally, “let you do"), is that the less the government is involved in the economy, the better off business will be, and by extension, society as a whole. Laissez-faire economics is a key part of free-market capitalism.
Detailed explanation-2: -Laissez faire is most commonly used in the context of economics, but it can be used in everyday life to refer to a hands-off approach to something. The adjective form laissez-faire is more commonly used.
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