What were some of the costs of the laissez-faire approach to economics for American workers?

The driving principle behind laissez-faire, a French term that translates as "leave alone" (literally, "let you do"), is that the less the government is involved in the economy, the better off business will be – and by extension, society as a whole.Laissez-faire economics are a key part of free market capitalism.

Answer Link

barbaralazarotto barbaralazarotto · Answer 2 · 2019-09-28T11:53:18+02:00

Answer:

The lack of protection from the excesses of capitalism.

Explanation:

The laissez-faire philosophy was an approach that the American government took during a period which meant that the government would interfere with the minimum in the economic affairs of individuals and companies. The problem was that during the industrial growth this philosophy became insufficient because companies began to abuse American workers by dropping wages and abusing working hours.