What was the laissez-faire approach to economics and how was president Roosevelt's approach different?

Answer 1

Franklin D. Roosevelt, the 32nd US president, was the US President from 1933 to his death in 1945. He was president during the worst depression the US ever had. Causing about an unemployment rate of 25%. Roosevelt did not believe in laissez-faire economics. He led the way towards more business regulation and a more central plan style in economics. Much more so then any president before him. As an aside, laissez-faire economics has never existed in what can be called the "modern world". It's impossible for any government not to have one degree or another in the economic affairs of a nation. The imposition of tariffs as an example is regulating economics in a nation. It's purpose is two fold, gaining income from trade by businesses and in so many cases helping to protect the home country business sector.