What was the outcome of laissez faire economic policies?

Answer 1

Laissez-faire economic policies helped fuel the industrial revolution. Later these policies were changed for social reasons. Most of today's prosperous nations have a free market economy with government supervision.

Answer 2

Pollution of air and water

Answer 3

bad working conditions. business paid workers very little. pollution of air and water.

New inventions, growing entrepreneurship, construction of infrastructure necessary to move and sell goods produced by free enterprise. Production of implements to improve production, improvements in quality of life, increased need for education and formation of trade schools, increase in personal leisure time, among other improvements. Most laissez-faire economic policies ended around the beginning of the 20th century as a result of worker organizing, for better working conditions or pay.

The most prominent governmental changes in US history was T. Roosevelt's anti-trust anti- monopoly legislation reforms, breaking up large monopolies and trusts cornering market shares, making certain businesses were more competitive.

F. Roosevelt's fascist corporatizing schemes, reversed this trend, which favored large industrialists over small businessmen, returning many industries back into monopolies or trusts heavily controlled by the government, (transportation, utilities and securities exchange[Stock Market]). Continued regulation of industries still favor large corporations, more capable of handling the regulations, than small businessmen. These Keynesian economic models disregard the effect that government manipulation has on entrepreneurship, making business models on a small scale difficult at best.