Business in America 10 th Grade Social Studies Benchmark B: Gd 10#2 Learning Target: Analyze the impact of industrialization and the modern corporation in the U.S. on economic and political practices with emphasis on: a. laissez-faire policies b. monopolies c. standard of living
Laissez-Faire -To Let Be -Business would be allowed to conduct their “business” in any way they felt necessary. -No government regulation or intervention. -How could this be a potential problem? -Do we still follow this policy today?