Practice Quiz

CLEP US History II

Category - Economic Development

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Which of the following U.S. presidents did not have a laissez-faire economics policy?
  1. Calvin Coolidge
  2. Warren G. Harding
  3. Grover Cleveland
  4. Herbert Hoover
  5. Theodore Roosevelt
Explanation
Answer: E - Theodore Roosevelt was a champion of progressive economic ideals calling for government regulation of industry, which is the antithesis of a laissez-faire economic policy. Laissez-faire economics dictates that there should be minimal government involvement in the economy, except to maintain basic law and order. The system can lead to periods of great prosperity and accumulation of vast wealth, but that prosperity is often unstable and not equitable.
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