Private Solutions to Public Problems

Colin Read

Chapter 9 in The Rise and Fall of an Economic Empire, 2010, pp 95-104 from Palgrave Macmillan

Abstract: Abstract The Gilded Age was one of the most rapid periods of economic expansion and innovation ever seen. It was enabled by a new form of government by the people and for the people, and on the premise of private property, personal responsibility, and limited government. It thrived in the first nation to adopt “laissez-faire” as a prevailing economic principle, with a government that had an inherent bias to stand out of the way of commerce.

Keywords: Monetary Policy; Great Depression; Bank Failure; Market Liquidity; Credit Crisis (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29707-4_10

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DOI: 10.1057/9780230297074_10

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