Laissez faire economists of the 19th century argued that ........

Major Events in World History(PCS) Industrial revolution

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Laissez-faire economists of the 19th century argued that :

anarchy would result if universal male suffrage was granted

the government should regulate the economy and foreign trade

governments should develop a state-run banking system to prevent instability

individuals should be allowed to pursue their self-interest in a free market

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Explanation:

The term laissez faire refers to the economic policy of letting owners of industry and business set working conditions without interference. This policy favors a free market unregulated by the government.
Laissez-faire economists criticized the idea that nations grow wealthy by placing heavy tariffs on foreign goods. In fact, they argued, government regulations only interfered with the production of wealth. These philosophers believed that if government allowed free trade - the flow of commerce in the world market without government regulation - the economy would prosper.