In the later 1800s supporters of laissez-faire capilitalism claimed that government regulation of business would be?

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2026-08-10 11:25

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In the late 1800s, supporters of laissez-faire capitalism argued that government regulation of business would stifle economic growth and innovation. They believed that free market competition would naturally regulate industries, leading to efficiency and prosperity. Proponents contended that intervention would create inefficiencies, foster corruption, and ultimately hinder individual freedom and entrepreneurship. Overall, they championed minimal government involvement in the economy as essential for a thriving capitalist system.

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