Emergence of Laissez-Faire Economics (1 dic 1870 anni – 1 dic 1900 anni)

Descrizione:

In the late 19th century, a concept called Laissez-Faire economics was popularized as businessmen strived for unregulated economic activity. Laissez-Faire economics entailed keeping the government out of the economy and letting the people dictate how it should be run. This led to a weakening of executive power since the President could no longer try to regulate the economy.

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