The Supreme Court's endorsement of laissez-faire capitalism in the late nineteenth and early twentieth centuries was significant because:

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The Supreme Court's endorsement of laissez-faire capitalism in the late nineteenth and early twentieth centuries prevented Congress from regulating any economic activity that occurred within a state. This was due to the Court's interpretation of the Commerce Clause, which limited Congress's power to regulate interstate commerce. This period is often referred to as the Lochner Era, named after the landmark case Lochner v. New York, in which the Court struck down a state law regulating the maximum hours of work for bakery employees.

The Supreme Court's Endorsement of Laissez-Faire Capitalism in the Late