Laissez Faire

1
Laissez Faire

• Katie Lackey
• Alex Podruski
• Eric Rosenberg

2
Opening Statement

• Laissez faire
• Physiocrats
• Adam Smith
• Railroads
• Elizabeth Gaskell
• Thomas Carlyle

3
Statement of Evidence

• Brief Description
• Two Examples
• New Social Classes
• Social Reformation

4
Closing Statement

• In conclusion, a policy of laissez faire is in
  the long term best interest of a country. In
  terms of the economic development of a country, a
  government policy that is over regulatory can
  harm the growth and development of business. If
  the economic policy of a country interferes with
  the natural operation of the market than negative
  consequences can occur. If left alone, resources
  will be allocated where they belong and are
  needed. For instance, during the Industrial
  Revolution as manufacturing developed in the
  cities, there was a movement of human resources
  from the rural areas into the cities. This
  movement of people helped fuel the Industrial
  Revolution. If the government had interfered and
  not let people move from the farms to the
  factories than the explosive growth of industry
  never would have taken place. People were more
  productive working the factories making goods
  than they were working on a farm raising crops
  for one family.
• Laissez Faire politics was important in terms of
  individual freedom also. The assumption is that
  the government need not interfere in the lives of
  people who are capable of making their own
  decisions. People should be free to choose what
  job they do, what they choose to buy, where they
  choose to live, just as businessmen should be
  free to choose what and how much goods they
  produce.
• The situations where the government must take
  action is when labor abuses are not being
  addressed and corrected and to protect the
  freedom of competition through the prevention of
  collusion and monopolies.