Yes, the government practiced laissez-faire economics when promoting railroad construction.
- This is because laissez-faire economics is a type of economics that is determined solely by the power of demand and supply without the intervention of the government.
- Laissez-faire economics is considered to be a total or pure capitalism where the only influence is the force of demand and supply.
Since the railroad construction in the United States in the 19th century was built by the private sector or individuals, and the prices of transportation were determined by the market forces,
hence, in this case, the correct answer is "Yes, the government practiced laissez-faire economics when promoting railroad construction."
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<span>the master plan as developed by Iark Kerr aimed at balancing what was called the competing demands of fostering excellence and guaranteeing educational access for all. The master plan achieved a number of objectives such as the benefit of creating a system of combined excellence with broadened access.
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Textile manufacturing was important to the industrial revolution in Great Britain because textiles were in high demand all over the world, especially in Asia--meaning that the ability create massive amounts of textiles gave Britain a strong economic advantage.
The reason why state delegates met in 1787 was "<span>to discuss a better system of government," since it had become clear by this time that the Articles of Confederation needed to at least be seriously revised. </span>
1795 is the answer to the question
