Laissez-Faire Capitalism (jan 1, 1870 – jan 1, 1926)

Description:

Cause:

1. applied Charles Darwin's theory of evolution to human institutions
2. believed that competition was necessary for progress

Effect:

1. gave businesses more space from government rules and regulations that would make business activities harder and difficult to proceed
2. more viable for companies to take risks and invest in the economy

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Date: