What aspects of government benefited entrepreneurs during the Gilded Age ?

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mkoren | Middle School Teacher | (Level 3) Senior Educator

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Entrepreneurs and business owners were positively impacted by the actions of government during the Gilded Age. During this time period, the government had a laissez-faire attitude toward business. There were few rules and regulations. This encouraged business owners and entrepreneurs to take chances and try new things. Because there was little chance of government interference, business owners knew they would have a friendly environment in which to do business. When business owners believe the government is too involved, they tend to back off and reduce taking chances with new ideas and techniques.

The other advantage for business owners and entrepreneurs was the courts were very friendly toward them. When labor disputes arose, the courts almost always sided with the business owners. This gave business owners and entrepreneurs much confidence during this time period.

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