They are the Redeemers, white democrats whom critics called Bourbon Democrats in Southern United States during the Reconstruction Era after the Civil War. They were mainly led by the rich landowners and businessmen and they ruled Southern politics in most areas from the 1870's to 1910.
Excuse me, this does not look like a HISTORY question.
Answer:
Laissez-faire, or free market capitalism, is an ideology that prescribes minimal public enterprise and government regulation in a capitalist economy.
Emerson gradually moved away from the religious and social beliefs of his contemporaries, formulating and expressing the philosophy of transcendentalism in his 1836 essay "Nature". Following this work, he gave a speech entitled "The American Scholar" in 1837, which Oliver Wendell Holmes Sr. considered to be America's "intellectual Declaration of Independence."