The cattle boom led to economic prosperity for the rise, growth, and development of new towns in the west resulting to the development of service businesses, for example, hotels, salons, e.t.c. The cattle were bought cheap and resold at high prices which allowed the ranchers to make a lot of money (profit).
Elitist because they were the one that had more power
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Liberals saw free market economy as an opportunity for capitalist entrepreneurs to succeed.
A free market is an perfect system within which the costs for merchandise and services are set by the open market and shoppers, within which the laws and forces of supply and demand are free from any interference by a government, price-setting monopoly, or alternative authority.