why did Jefferson pursue a laissez-faire economic system in the United States?
a. It was a mandate, following the Marbury V. Madison supreme court ruling.
b. The size of the federal government increases under a free market economy.
c. A free market economy was necessary for the purchase of the Louisiana territory.
d. Implementing a free market economy limits the role of the federal government.
d. Implementing a free market economy limits the role of the federal government.
The correct answer is d. Implementing a free market economy limits the role of the federal government. Thomas Jefferson pursued a laissez-faire economic system in the United States because he believed that limited government intervention in the economy would promote individual freedom and economic prosperity. He believed that a free market system, with minimal government regulations and interventions, would allow businesses and individuals to flourish without unnecessary government interference. Jefferson felt that an active federal government could potentially stifle economic growth and infringe upon the rights of individuals.
The answer to this question is D: Implementing a free market economy limits the role of the federal government.
To understand why Jefferson pursued a laissez-faire economic system, it is helpful to know what a laissez-faire economic system entails. Laissez-faire is a French term that means "leave it alone" or "let it be." In the context of economic policy, it refers to minimal government intervention in the economy, allowing the free market to operate with minimal regulation.
Jefferson, who served as the third president of the United States from 1801 to 1809, believed in limited government involvement in the economy. He believed that the federal government's role should be restricted to protecting individual rights and ensuring national defense, while leaving economic matters largely in the hands of individuals and businesses.
One of Jefferson's primary motivations for pursuing a laissez-faire economic system was his desire to limit the power and influence of the federal government. He believed that excessive government intervention in the economy could lead to corruption, inefficiency, and the suppression of individual liberty. By implementing a free market economy, Jefferson hoped to ensure economic freedom and opportunity for all Americans, while also preventing the concentration of power in the hands of the government.
It is worth noting that neither option A (Marbury v. Madison ruling) nor option B (size of the federal government increases under a free market economy) are accurate explanations for why Jefferson pursued a laissez-faire economic system. The Marbury v. Madison ruling was a landmark court case that established the principle of judicial review (the power of the judiciary to interpret the Constitution and strike down laws it deems unconstitutional), but it did not mandate a laissez-faire economic system. Additionally, a free market economy does not necessarily result in the size of the federal government increasing. In fact, one of the goals of a free market economy is to limit government involvement in the economy, which often leads to a smaller government.
Option C (a free market economy was necessary for the purchase of the Louisiana territory) is partially true. The Louisiana Purchase, which was the acquisition of a large territory from France in 1803, was facilitated by the economic opportunities presented by the vast natural resources of the region. However, it was not the sole reason why Jefferson pursued a laissez-faire economic system. His advocacy for limited government intervention in the economy predates the Louisiana Purchase.
In conclusion, Jefferson pursued a laissez-faire economic system in the United States primarily because he believed it would limit the role of the federal government and promote individual liberty and economic opportunity.