In the late 1800s, the main policy of the government toward big business was one of laissez-faire capitalism. This approach involved minimal government intervention in the economy, allowing businesses to operate with little regulation. The government largely supported the growth of large corporations and trusts, often prioritizing economic expansion and industrial growth over regulation or oversight of business practices. This period saw the rise of monopolies and significant concentration of wealth in a few large companies, which ultimately led to calls for reform and regulation in the early 20th century.
Which of the following was the main policy of government toward big business in the late 1800s?
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