Question

What term best describes the u.s. government's policies towards businesses in the late 19th century?
a.imperialist
b.laissez-faire
c.mercantilist
d.protectionist?

Answer 1

The answer is b. laissez-faire. Laissez-faire is a system in which transactions made by private organizations are exempt from government interaction. This would include taxes, tariffs, and even subsidies. In this type of economy the government does not interfere.

Answer 2

The answer would be B.