Us laissez-faire in the 1900s

In the 1900s, laissez-faire economics emphasized minimal government intervention in the market, promoting the belief that free markets would lead to the most efficient allocation of resources. This approach was prominent during the Gilded Age and into the Progressive Era, when industrialization and capitalism flourished in the United States. However, growing social inequalities and economic crises, such as the Great Depression, eventually led to calls for greater regulation and government involvement in the economy. The shift marked a significant change in the balance between free-market principles and government oversight.