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Laissez-faire. One of the most influential ideas of the Gilded Age was laissez-faire (pronounced LAY-zay FAIR). From the French for “let them do [what they will],” proponents of laissez-faire policies, known as liberals, believed that the free market would naturally produce the best and most efficient solutions to economic and social problems.
Those interested in learning more about the early American economy might want to start with John J. McCusker and Russell R. Menard, The Economy of British North America, 1607–1789 (revised ed., Omohundro Institute of Early American History and Culture and University of North Carolina Press, 1991), which provides the best overview of economic activity for the period, and Stephen Innes, ed ...
that are widely relevant for the study of economic history and long-run economic growth.2 My goal is to bridge the divide between research done within the field of economic history and that done within the evolutionary social sciences – i.e., evolutionary biology, evolutionary psychology, and particularly evolutionary anthropology. The ...
Aug 22, 2024 · Mercantilism Summary and Definition. Mercantilism is an economic theory that focuses on the trading of goods as a means to create wealth. In order for a nation to create more wealth, it needs to export more goods than it imports — it needs to sell more than it buys. If it can achieve that, it creates a positive trade balance for the nation.
- Randal Rust
Long Term Economic Growth – 1860–1965: A Statistical Compendium. Business Booms and Depressions since 1775, a chart of the past trend of price inflation, federal debt, business, national income, stocks and bond yields for the United States from 1775 to 1943. Budget of the United States Government.
The first decade of the twenty-first century has been a tumultuous one for the U.S. economy. During the early 2000s the United States endured the September 11, 2001, terrorist attacks, the outbreak of wars in Afghanistan and Iraq, corporate scandals, devastating hurricanes, and a slump in the stock market.
Jul 13, 2024 · The Great Depression was the greatest and longest economic recession in modern world history. The Depression ran from 1929 to 1941. Investing in the speculative market in the 1920s led to the ...
