Answer:
Explained below.
Step-by-step explanation:
The economics in the late since the 1800s was overshadowed by the Big business as well as organizations that operated in the petrol as well as oil business, the railroads,the steel industry, textiles as well as food product that operated vast complexes of factories, warehouses, rooms, and distribution equipments as well as employed the preponderance of the labor force. The theory of Social Darwinism was espoused by various leaders of American Big Business and Corporations. The concept of 'Laissez-faire' economics relied on supply and demand, rather than government intervention, to regulate prices and wages.