Laissez-Faire Economics

Laissez-Faire economics was strongly promoted during the Industrial Revolution and held to the view that economies do best with no government interference or regulation. The name Laissez-Faire expresses this attitude, coming from the French “to let do." Laissez-Faire systems came under increased scrutiny at the end of the 19th century when the inequality between industry leaders and the general population became more apparent.