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Who attributed the ineffectiveness of the federal government during this period to the lack of clear lines of authority and responsibility?
Capitalism
An economic system in which most economic decisions are made by private owners and most of the means of production are privately owned.
Government Intervention
Actions taken by a government to influence the economy beyond its basic regulations, including fiscal and monetary policies.
Classical Economists
Economists from the 18th and 19th centuries who focused on the importance of free markets, competitive forces, and the self-regulating nature of economies.
Demand
The desire and ability of consumers to purchase goods and services at given prices, influencing market equilibrium and pricing strategies.
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