Final answer:
The term 'salutary neglect' was coined by Edmund Burke in 1775 to describe the British policy of lax enforcement of trade regulations in the American colonies, which allowed them to flourish. This approach ceased after the French and Indian War, ending with the Peace of Paris.
Step-by-step explanation:
Origins of the Term 'Salutary Neglect':- The term salutary neglect originates from an address to Parliament in 1775 by Edmund Burke. In his speech, Burke highlighted that the American colonies had prospered not under strict regulation by a 'watchful and suspicious government' but rather due to a 'wise and salutary neglect'. This policy of lax enforcement of trade regulations like the Acts of Trade and Navigation allowed the colonies to flourish through the 17th and 18th centuries, fostering a degree of self-rule and economic growth. It was fundamentally based on the philosophies of Robert Walpole, the first Prime Minister of Great Britain, who believed that commerce thrived when free from heavy restrictions. The policy effectively ended following the conclusion of the French and Indian War with the Peace of Paris.