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."
Learn more here :brainly.com/question/13663371
Answer:
Three types of taxes were collected: tax on cultivation, called 'kharaj', about 50% of the peasants' produce; tax on cattle; and tax on houses.
Culture is the correct answer. I hope this helps!
It took place during the 1860s
