The Supreme Court justices' endorsement of laissez-faire capitalism in the late nineteenth and early twentieth centuries was significant because it prevented Congress from regulating any economic activity that occurred within a state.
<h3><u>What is laissez-faire capitalism ?</u></h3>
- Laissez-faire is a free-market, capitalist economic theory that rejects government interference.
- The French Physiocrats, who lived in the 18th century, created the laissez-faire ideology.
- According to proponents of laissez-faire, government involvement in industry and markets hinders economic progress.
- The principles of laissez-faire were later expanded upon by free-market economists as a means of achieving economic development, despite criticism that it encouraged inequality.
- Critics contend that some level of government control and participation is necessary for markets.
To view more questions on laissez-faire capitalism, refer to:
brainly.com/question/4496493
#SPJ4
The correct answer is False
The United Nations (UN) is an international organization whose objective is to seek peace and world development through cooperation between countries. With the aim of facilitating cooperation in terms of international law and security, economic development, social progress, human rights and world peace.
Workers and sailors surrounded them
Answer: I'm pretty sure it is The New Deal
Explanation: I had this question in a test and I remember I chose The New Deal and got it right
