Question

Which of the following examples represents a benefit of laissez fairs government during the gilded age?

A) john rockefeller cuts cost by lowering the wages of his workers by 20%
B) Andrew Carnegie eliminates his competition by buying out a smaller steel plant and shutting it down
C) j.p. morgan invests his money in Carnegie Steel without any government restrictions
D) The federal government allows Cornelius Vanderbilt to cut down fields of trees to lay down miles of new railroad track

Answer 1

During the Gilded Age, a benefit of laissez-faire government was that individuals like J.P. Morgan could freely invest their money in industries without government restrictions.

Step-by-step explanation:

The benefit of laissez-faire government during the Gilded Age can be seen in option C) J.P. Morgan investing his money in Carnegie Steel without any government restrictions. Laissez-faire government policy allowed individuals like Morgan to freely invest in industries without government interference or regulations. This enabled entrepreneurs to make business decisions and investments based on their own judgement, leading to economic growth and development.