Question

Which of the following is a reason why the Industrial Revolution led to the development of laissez-faire capitalism?(1 point)
Responses

Private businesses began to produce their own wealth.
Private businesses began to produce their own wealth. - no response given

Slavery allowed for the cheap production of raw materials.

Answer 1

Private businesses began to produce their own wealth.

Explanation: The Industrial Revolution expanded privately owned factories and markets, concentrating capital and encouraging entrepreneurs to argue for minimal government interference (laissez-faire). Slavery was not the main reason for the rise of laissez-faire ideas.