During the second industrial revolution, the govern ment was considered laissez-faire because

During the Second Industrial Revolution the government was considered "laissez faire",   -expression from the french meaning to let things happen, to leave things alone; it is the doctrine that considers that everything is going to be well in economy if the markets and economy in general is not encumbered with regulations.-   This what better describes the situation during the Second Industrial Revolution.

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the articles of confederation placed most of the power on the feds