Laissez-Faire Economic Policy (Policy) (jan 1, 1870 – jan 1, 1900)
Description:
Event: The U.S. government minimized its intervention in business affairs, allowing corporations to grow without regulation.Impact: With limited interference, the big business dominated the market through price war, leading to monopolies in sectors like railroads, steel, oil, and tobacco.
Added to timeline:
Date:
jan 1, 1870
jan 1, 1900
~ 30 years