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Free market profits - PowerPoint PPT Presentation

CH. 9, SEC. 4: REACTIONS AGAINST INDUSTRIAL ABUSES 1) Laissez-faire government policy:

CH. 9, SEC. 4: REACTIONS AGAINST INDUSTRIAL ABUSES 1) Laissez-faire government policy: - free market policies* - minimal to no government regulation of business - minimal taxation (primarily for defense, infrastructure) WHY? To maximize PROFITS in as free a manner as possible

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Free market profits - PowerPoint PPT Presentation

CH. 9, SEC. 4: REACTIONS AGAINST INDUSTRIAL ABUSES 1) Laissez-faire government policy: