Final answer:
People wanted a laissez-faire approach to the economy because they believed it would reduce government power and intrusion. Laissez-faire economics allows private markets to operate freely without government intervention.
Step-by-step explanation:
People wanted the government to go back to a laissez-faire approach to the economy because they felt this approach would reduce the power of the government and intrude less on the lives of individuals. Laissez-faire economics advocates for minimal government intervention in the economy, allowing private markets to operate freely. Proponents of this approach believe that private investors are better equipped to determine which sectors of the economy will grow and which products will be successful.