Laissez-faire economics, advocating minimal government intervention, has shaped US policy from the Gilded Age to the Progressive Era reforms. It saw a resurgence in the 1920s but faced challenges during economic crises, reflecting a dynamic interplay between free-market principles and regulatory shifts.
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1
______ economics promotes minimal ______ interference in the market, stemming from a French phrase meaning 'allow to do'.
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2
Advocates of - economics claim that free markets naturally lead to ______ and ______.
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3
Origin of laissez-faire concept
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4
Invisible hand concept
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5
19th century US economic climate
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6
Early American policy was influenced by figures like ______, who initially supported federal involvement in industry development.
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7
Era defining the Gilded Age
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8
Economic policy under President Grant
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9
Social impact of the Gilded Age
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10
The ______ Era, between the late 19th and early 20th centuries, signified a move away from strict non-interventionist policies due to increasing social issues.
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11
Key Republican presidents of the 1920s
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12
Economic characteristics of the Roaring Twenties
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13
Consequence of 1920s economic policies
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14
During the ______, the U.S. saw a shift towards increased government intervention, adopting ______ economics.
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