<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.
Explanation:
what do you need help with?
It gave further power to the Interstate Commerce Commission.
The Mann-Elkins Act continued the federal government's authority to regulate railroad rates and telecommunication and expanded the power of the government to regulate telephone, radio, and telegraph companies.
The Mann-Elkins Act was passed in 1910 during the Progressive Era. The act was passed as part of a series of laws to regulate segments of the economy. During the Gilded Age the government passed regulation over the railroads and communications giving the government the power to set prices and prevent gouging of industries needing those services to survive. In the 1910 act, the government was provided the power to regulate the companies owning telephone, telegraph, and radio services.
D this answer must 20 letterrs to answer
Depends on the leader and the country and what happening eg war. For example if one leader wished a war on lets say japan while another wants to focus on industry. Delegates will like a more freindly leader
