1. introduction

Question 1

laissez-faire policy

Answer 1

belief that
government should not interfere in economy
businesses and owners should be allowed to manage their affairs free from regulation

Question 2

American gov intervened in economy only at times of

Answer 2

emergency

Question 3

for most of 1865-1992 what policy did the government adopt

Answer 3

laissez-faire policy

Question 4

how did laissez-faire policy favour employers

Answer 4

allowed them to form large business corporations

allowed some individuals (John Rockefeller and Andrew Carnegie) to build up large industrial enterprises

Question 5

by forming large business corporations and building up large industrial enterprises manufacturers were able to

Answer 5

exploit employees

deny them a voice to complain

Question 6

government allowed

Answer 6

capitalism to thrive

businesses to work together to make large profits