asked 106k views
3 votes
Why did entrepreneurs thrive in american economic system of the late 1800's?

asked
User Rwehner
by
8.1k points

1 Answer

0 votes
Laissez-faire policies, which gave entrepreneurs great latitude in hiring and payments for workers, allowed businesses to reap large gains. In addition, protective tariffs were heavily weighted against imports, so it allowed businesses to produce greater amounts of American-made goods for the domestic market.

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.