Laissez-faire Theory in Presidential Messages during the Nineteenth Century

R. M. Havens

The Journal of Economic History, 1941, vol. 1, issue S1, 86-95

Abstract: During the past decade the rapid spread of governmental activities into new fields and their extension within the fields that had previously been entered have increased the attention always given to the question of the legitimate sphere of activity for the Federal Government. There has been a widespread assumption that throughout the nineteenth century with only insignificant exceptions this country followed a policy of laissez-faire. From this assumption many people have proceeded to argue that in the past decade the American people have suddenly turned from the tradition which made this the greatest industrial nation of the world and have adopted a course which leads away from the “American way of life.”

Date: 1941
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