In what ways did the laissez faire economic policy change the structure of american business and how did this change affect the government relationship with businesses?

Laissez-Faire economy is guided by the principle of least intervention of government in the private business. It is a pro-capitalist economic policy where the idea of private ownership are respected and people are guided by the principle of self-interest and self-motivation. The minimum intervention of government is considered to best for the growth of the economy of a nation. And these ideas and principles made a deep impact on the United States.

president thomas jefferson hoped that the embargo act of 1807 would the united states by demonstrating to britain and france their dependence on american goods, convincing them to respect american neutrality and stop impressing american seamen. instead, the act had a devastating effect on american trade.