The growth and development of the U.S.economy during its period of rapid industrialization was largely influenced by centralized economic planning.

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The U.S. economy during its period of rapid industrialization in the late 19th and early 20th centuries was characterized by laissez-faire capitalism, meaning that the government largely stayed out of economic affairs and allowed private businesses to operate with minimal regulation. There was no centralized economic planning.

The Growth and Development of the U