Question

How did Lalssez-fairs cause the Great Depression

Answer 1

Laissez-faire says the government will reduce its economic intervention. Hoover said too much interference would mean the economic situation would not return. Excessive independence means that people are expected to overcome problems and succeed in their endeavors. They should not have looked to the government for help.

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Answer 2

Laissez-faire works best for economic growth because it provides individuals with the greatest incentive to create wealth. Under laissez-faire capitalism, you cannot wrap a robe around you, put a crown on your head, and demand that people give you money.