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Extremely bad
Taft is the group that wanted the government to be involved in the American economy. This is a power that is used as a tool.
How much government should be involved in the economy
whigs
In a centrally planned economy, the central government decide which part of the country to allocate cash and which one not to.
Under the economic theory of a free market system, the government does not get involved in the economy. This is true to a certain extent. Government is usually involved when banks fail, larger companies fail, and when farmers need relief from lower prices.
Laissez-Faire
Laissez-Faire
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
the government, while not commanding the economy, is still deeply involved in economic decisions
to provide public goods and services to its citizens.
the great depression