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Laissez-faire

test21-10

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Geometry
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Political philosophy
Classical liberalism
liberalism
Political spectrum
Democracy
Thomas Jefferson
Jeffersonian Democracy
Economic liberalism
Political economy
Agrarianism
Laissez-faire

Jefferson?s Presidency is considered a transitional period in US History. Many historians look at this time period as the beginning of ?true democracy?. Jeffersonian democracy Champion for the common man?.Believed education would prepare them for participation in government?.. But for now, educated should rule? KING GEORGE FEDERALISTS JEFFERSON Jeffersonian democracy Visualized an agrarian society Feared industrialization and its effects ?. Farmers were the chosen class. Laissez faire--govt. stays out of people?s lives Against BUS but did not repeal it. Owned slaves but believed it was evil?.Slavery would end but predicted it would divide U.S?Ultimate goal, Blacks would assimilate into American society

test21-4

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Art History
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economics
Economic liberalism
Political spectrum
Individualism
Political economy
Business law
Business
Corporations law
Corporation
Laissez-faire
Competition law
Capitalism

An economic belief supported by the U.S. that opposes the government regulating business. In the late 1800?s businesses operated without much government regulation. This is known as laissez-faire economics. Laissez-faire means ?allow to be? in French. Laissez faire supports our economic system of capitalism Economic system characterized by private property ownership Individuals and companies compete for their own economic gain (Profit) Capitalists determine the prices of goods and services. Production and distribution are privately or corporately owned. Reinvestment of profits Supports laissez faire and the ?free enterprise? system Economic system based on cooperation rather than competition Believes in government ownership of business and capital
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