President Jackson started "the spoil system' of hiring people and created "kitchen cabinet" by keeping his loyalists close to him.
<h3>Which system was started by the president Jackson?</h3>
The spoil system is that system, in which a political party rewards the workers and supporters to the post of the government.
He created a Kitchen cabinet. in which he kept his loyalists like newspaper editors, journalists etc. in order to support his ideas of the spoil system.
A great support was provided by his loyalist in the implementation of the Jackson's system.
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African Americans.
Many former slaves.
True-he did serve as leader of court
<u>Effects of laissez-faire capitalism:</u>
- Laissez-faire capitalism allows companies to compete freely with each other in an open marketplace.
- Without costs of government regulation, businesses can grow faster.
- This leads to price increases for the consumer and the lack of diversification in the marketplace.
- Without restrictions from the government, there is more incentive for innovation, and technological advances can take place.
- This can result in a large wealth gap in a society with a few very rich people in control of the majority of the economy's wealth.
- Capitalism (or laissez faire) feeds and clothes and houses more people at higher levels than any other system.
- Workers have more rights, and have a comfortable work environment.
- Lots of government involvement and regulation raises cost and slows growth.
