History - Laissez-faire capitalism is an economic system...

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Laissez-faire capitalism is an economic system. Capitalism involves the ownership of property by individuals. The individual's goal is to use this property to create income. The French term laissez-faire literally means, "to let people do as they wish." Thus, supporters of laissez-faire capitalism do not want the government to interfere in business matters, or if governments do involve themselves in business matters, to keep government influence to a minimum. The Great Uprising in St. Louis, July 1877: After Tom Scott of the B&O is turned down by President Hayes for federal troops to put down a railroad strike, a 'Worker's Provisional Government' is proclaimed by the Workingmen's Party in St. Louis on July 31. Rioting reaches new heights in San Francisco, Chicago, Pittsburgh, and many other cities in the USA, and civil collapse begins. Sherman Antitrust Act , 1890, first measure passed by the U.S. Congress to prohibits trusts it was named for Senator John Sherman. Prior to its enactment, various states had
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