In World War I, the participating states gave industrialists and businessmen greater freedom and independence from government regulations under the assumption that laissez-faire capitalism would be more efficient and productive in achieving the hoped-for victory.

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During World War I, governments increased their control over the economy, implementing measures such as rationing, price controls, and the nationalization of industries to ensure that all resources were directed towards the war effort, rather than giving more freedom to industrialists and businessmen.

In World War I, the Participating States Gave Industrialists and Businessmen