By taking a laissez-faire approach and "letting things take their own course" the Federal Government's lack of involvement in the economy helped lead to the development of what?

Question

1. Slave rebellions

2. Business monopolies

3. Coastal railraods

4. The Bessemer Process

Answer 1

The Federal Government's laissez-faire approach and minimal involvement in the economy contributed significantly to the development of business monopolies (option 2). This approach allowed businesses to operate with little regulation or oversight, leading to the rise of powerful corporations and monopolies in various industries during the Gilded Age in the United States.