US History – 1865 to Present
Laissez-faire is an economic philosophy that advocates for minimal government intervention in the marketplace, allowing businesses and individuals to operate freely without regulatory constraints. This principle emphasizes the importance of free markets and competition as the most effective means for economic growth and prosperity. In the context of the economic boom and consumerism, laissez-faire policies played a significant role in shaping the U.S. economy, particularly during the late 19th and early 20th centuries.
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