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How did government policies of the Gilded Age of the late 1800s promote industrialization?



A. Imperialism fueled steel production in the United States.
B. New Deal policies created jobs for many of the unemployed.
C. The Sherman Antitrust Act allowed for regulation of big business.
D. Laissez-faire economic policies allowed private businesses to operate freely.

This question is part of American History EOC
Asked by Wyatt Williams, Last updated: May 30, 2020

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2 Answers

G. Horace

G. Horace, Content Developer, Chicago

Answered Aug 22, 2018

Industrialism was not always this popular. There was a start when people had to risk their investment and hope for the best. However, the Laissez-faire economic policies allowed the private businesses to operate freely. This fueled the private sector and allowed the industrialism through the private community. Other industries stemmed from this initiative.

As people saw the growth, more investors poured in, until the business became a self-sustaining, multimillion dollar project on its own. The private sector is strong to this day and comprise of well-planned companies and industries that evaluate the market and adapt accordingly to ensure business growth.

 

John Smith

John Smith

Answered May 08, 2017

Laissez-faire economic policies allowed private businesses to operate freely.
 

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