Policies of the Republican Presidents: The 'Laissez Faire' policy was introduced and followed by the Republicans which allowed big businesses to expand with minimal government intervention. Warren Harding introduced tariffs which would make foreign goods more expensive than US goods, encouraging the public to buy within the country and contribute to the economy. He also introduced low taxation because the Republicans believed that if people were able to keep more money, they would spend it on Americans goods and they reinvest that money in the industries.
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