Respuesta :
Answer:
Disagree.
Explanation:
From my point of view, a laissez-faire economy is not extremely beneficial for a country and its economy. If we analyze the impact that leissez-faire had in the economy in the 1920' we can see that at the beginning with little intervention of the government, the economy was prospering and healthy, but at the end of the decade, due to the laisses-faire economy that the presidents decided to implement, the world suffered from an economic crisis that impacted the economy for years.
Answer:
I disagree with the move to more business-friendly/laissez-faire economics during the 1920's.
Explanation:
Presidents of the Roaring Twenties or “Laissez-Faire” Era were all Conservative Republicans: Harding, Coolidge, and Hoover.
These three presidents believed and pursued the following economic policies:
- Followed the philosophy of laissez-faire by not getting the machinery of government involved in the economy;
- They did not place restrictions on businesses rather allowed them to grow and prosper;
- Supported growth of the wealthy but ignored struggle of the middle and lower class.
In order to accentuate this resolve, Presidents Calvin Coolidge and Hoover were credited with these quotes respectively,
“The chief business of the American people is business. If government kept its hands off the economy, business would prosper.”
"I do not believe that the power and duty of the government ought to be extended to the relief of individual suffering.... The lesson should be constantly enforced that although the people support the government, the government should not support the people."
According to Danzer, the conservative presidents believed in what they termed Rugged Individualism. Rugged Individualism is the idea that people should succeed through their own efforts and that they should take care of themselves and their families, rather than depend on the government for assistance in tough times.
Incidentally, the result of the laissez-faire caused the lower class farmers to suffer during the 1920s due to the dearth of support from the government. This led to the huge income gap between the wealthy and the poor.
In the same vein, the Great Depression lasted longer and had adverse effects on the economy which made it never to improve over a long time.
