According to economists who espouse laissez-faire, the market will determine the best products, prices, and wages without governmental interference. In the decades after the American Revolution, this economic approach gained prominence and became the main policy during America's Gilded Age in the late 19th and early 20th centuries. Laissez-faire is frequently credited with bringing about the Industrial revolution and the American Titans of Industry, while also spurring the government oversight and regulation that still exists today.
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