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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The Dawes Act <span>was a failed attempt to make the individual Native Americans land owners by assigning them small plots of land.
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Because an investment takes time to mature- if you need the money in the next five years you shouldn't be investing it you should be saving it. Also, you may not have a successful investment and may not receive anything back.
