What was one outcome of laissez-afire economic policies?

One outcome of laissez-faire economic policies was the significant growth of industrialization in the late 19th and early 20th centuries, particularly in the United States and Europe. This hands-off approach allowed businesses to operate with minimal government intervention, leading to increased production, innovation, and competition. However, it also resulted in stark economic inequalities and poor working conditions, as labor regulations were often lacking. Ultimately, this prompted calls for reform and the establishment of regulatory frameworks to protect workers and consumers.