It’s sounds pretty good to me maybe you should add another sentence or not it’s already good to me though :)
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:
America had not suffered internal damage like the countries of Europe
American industries took advantage of the supply gap in Europe
The American dollar remained stable and the focal point of world currency
The American nation developed ambitious infrastructure like interstate highway.
Explanation:
The colonies were better off governing themselves without British influence.
It may have come from a time when laws came straight from
the Gods some believe that it started in ancient Babylon. There is not much known about this term. It goes to show how ancient and rare this
term is.