laissez-faire
(noun)
A policy of governmental non-interference in economic affairs.
Examples of laissez-faire in the following topics:
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The Rise of the Han Dynasty
- Freedom of speech and writing was restored, and the more laissez-faire style of governing allowed harmony, prosperity, and population growth.
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The World Fairs
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Trade and Commerce
- Fairs grew in popularity, reaching their heyday in the 13th century, as the international wool trade increased.
- At the same time, wealthy magnate consumers in England began to use the new fairs as a way to buy goods like spices, wax, preserved fish, and foreign cloth in bulk from the international merchants at the fairs, again bypassing the usual London merchants.
- Towards the end of the 14th century, the position of fairs started to decline.
- Nonetheless, the great fairs remained important well into the 15th century, as illustrated by their role in exchanging money, regional commerce, and providing choice for individual consumers.
- The market place at Bridgnorth, one of many medieval English towns to be granted the right to hold fairs, in this case annually on the feast of the Translation of St.
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Italian Trade Cities
- From France, Germany, and the Low Countries, through the medium of the Champagne fairs, land and river trade routes brought goods such as wool, wheat, and precious metals into the region.
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Centralization in the Maurya Empire
- Instead, they paid a nationally administered system of taxation that was strict but fair.
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Baron de Montesquieu
- Montesquieu also intends what modern legal scholars might call the rights to "robust procedural due process," including the right to a fair trial, the presumption of innocence, and the proportionality in the severity of punishment.
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Voltaire
- He is remembered and honored in France as a courageous polemicist who indefatigably fought for civil rights (as the right to a fair trial and freedom of religion) and who denounced the hypocrisies and injustices of the Ancien Régime.
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Arabian Cities
- However, it was also the time each year when disputes would be arbitrated, debts would be resolved, and trading would occur at Meccan fairs.
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Italian Politics
- The Papacy was affronted when the Avignon Papacy was created in southern France as a consequence of pressure from King Philip the Fair of France.
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The Last Julio-Claudian Emperors
- Otho was recognized as emperor by the Senate the same day and was expected by many to be a fair ruler.