QUESTION IMAGE
Question
which statement accurately describes the relationship between the u.s. constitution, laissez - faire policies, and john d. rockefellers standard oil empire?
the u.s. constitution, combined with laissez - faire policies, allowed john d. rockefeller to expand his standard oil empire with minimal federal government interference.
laissez - faire policies meant that the federal government, using the u.s. constitution, intervened to regulate and break up john d. rockefellers standard oil monopoly.
question 14
2 pts
how did railroads influence modern business practices?
by issuing stocks and bonds
by resisting standardization
by creating reasonable scheduling expectations
by price gouging small customers
- For the first question, laissez - faire policies emphasize minimal government interference in the economy. The U.S. Constitution's structure and the laissez - faire environment allowed Rockefeller to expand his business with little federal oversight. The second option is incorrect as laissez - faire is about non - interference, not government intervention to break up monopolies.
- For the second question, railroads were among the first large - scale businesses to issue stocks and bonds to raise capital, which influenced modern business financing practices. Resisting standardization is not a positive influence on modern business. Creating scheduling expectations is more of an operational aspect rather than a fundamental influence on business practices. Price gouging is an unethical practice and not a positive influence on modern business practices.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
- The U.S. Constitution, combined with laissez - faire policies, allowed John D. Rockefeller to expand his Standard Oil empire with minimal federal government interference.
- by issuing stocks and bonds