The Supreme Court justices' endorsement of laissez-faire capitalism in the late nineteenth and early twentieth centuries was significant because it prevented Congress from regulating any economic activity that occurred within a state.
<h3><u>What is laissez-faire capitalism ?</u></h3>
- Laissez-faire is a free-market, capitalist economic theory that rejects government interference.
- The French Physiocrats, who lived in the 18th century, created the laissez-faire ideology.
- According to proponents of laissez-faire, government involvement in industry and markets hinders economic progress.
- The principles of laissez-faire were later expanded upon by free-market economists as a means of achieving economic development, despite criticism that it encouraged inequality.
- Critics contend that some level of government control and participation is necessary for markets.
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Answer:
I'm pretty sure it's the first answer
Explanation:
In the excerpt, it talks about the narrator being solemn and filled with sorrow.
The Spanish explorer Francisco Pizarro invaded the Incan Empire in 1532, seeking riches. The Inca had already had some contact with Europeans, and many had died of European diseases.
Hope i helped _O_
The correct answer is C) Capitalism developed as an alternative to inefficient mercantilist policies, but it drew criticism for increasing the gap between the rich and poor.
Mercantilism and capitalism are two very different economic systems. Mercantilism is a system which relies on one country developing a favorable balance of trade and obtaining valuable resources from a colony. This was the system used when America was still controlled by Great Britain.
As America gained independence, they focused on developing a more capitalist society. This society is based on individual freedom, as citizens can decide what they buy. Along with this, American businesses and citizens are not forced to trade with one specific country.
Your answer is.......... read correctly By passing laws and expanding the role of the Federal Government, Congress has increased presidential power as well.
