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lana [24]
4 years ago
15

Briefly describe ONE key historical similarity or difference between laissez-faire economic policies in the Gilded Age and econo

mic policies in the Jacksonian Era.
Social Studies
1 answer:
Elena-2011 [213]4 years ago
6 0

Response:

There is a difference between Jacksonian and Glided age stances towards central or national banks. A growing body of evidence supports the idea that during the Jackson government there was a push towards the creation of a central bank system in the US. Central banking may be at odds with Laisses-faire philosophy because it can be used to intervene in the market, and therefore reducing the individual's natural right to freedom.

Source:

Schweikart, L. (1988). Jacksonian Ideology, Currency Control and Central Banking: A Reappraisal. Historian,51(1), 78-102.

Explanation

Laisses-faire supporters believe that the idividual, as the most basic unit of society, has the natural right of freedom. Additionally, the interactions between individuals tend to create a natural, harmonic, ordered and self-regulated system. Therefore any form of government intervention in private issues disrupts this natural order. These interventions include but are not limited to central and national banks, which intervene the way in which currency circulates in the national market economy.

Governments during both Jacksonian and Glided Age periods based its economic and political policy under this Laisses-Faire economics. However, during the Jacksonian Era, the government tried to create a central bank that could intervene in the way money circulate. Particularly because there was an interest in replacing metallic money with paper-based money, which requires the backing of a national bank. This contradicted some of the basic principles of Laisses-Faire economics and therefore generated large discussions among politicians of that era.

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Anuta_ua [19.1K]

Answer:

C. the US government allowed commercial banks to own stock and sell insurance policies.

Explanation:

The Gramm-Leach-Bliley Act (GLBA) of 1999 basically repealed or revoked or cancelled the Glass-Steagall Act of 1933. The Glass-Steagall Act of 1933 forbids the commercial banks to own stock and sell insurance policies. So basically by cancelling that Glass-Steagall Act of 1933, the GLBA of 1999 allowed the commercial banks to own stock and sell insurance policies.

6 0
3 years ago
What happened to African American slaves of Loyalists after they fought in the American Revolution?
Katena32 [7]

Answer:

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Explanation:

8 0
3 years ago
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Dafna11 [192]

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Explanation:

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Other options are incorrect because role theory, state theory and alter theory is not suited with situation of Tiffany's hypnosis. Thus, the correct option is option(b).

5 0
3 years ago
You and your friends take a personality test you find online. Despite each of you being very different from one another, you all
GalinKa [24]

Answer:

D. It is too general

that is the correct answer ok.

rate me excellent

5 0
3 years ago
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grandymaker [24]
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4 0
3 years ago
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