Lassiez-faire essays

Lassiez-faire essays Laissez-faire policy has always been a fundamental principle of the federal government. New government policies are almost nonexistent and the few policies they enforced were standard government administrations. However, toward the end of the century, economic growth in the US can be linked to direct government intervention. The federal followed standard government procedure and maintained the national military, conducted foreign policy and collected tariffs. The lone exception to being standard was the distribution of Civil War pensions to veterans and their widows. Rather, the economic growth of that time was due largely to industrial expansion and development. Major innovations of the steel industry by Carnegie and electrical energy by Thomas Edison revolutionized American industry. The federal government in 1887, passed the Interstate Commerce Act (Doc I-L). This allowed congress to oversee interstate commerce and regulate prices. The national government began to take a more active role in the US economy and anti monopoly measures, protective tariffs and a billion dollar budget are on the top of the agenda. The Sherman Anti Trust Act of 1890 makes corporate monopolies officially illegal. Although the Sherman Anti Trust proves to be useless, it shows that the federal government was taking a stand in controlling corporate trusts (Doc Q). The McKinley Tariff of 1890 was a tariff that included reciprocal trade agreements that allowed the president to retaliate against countries that discriminated US products. The federal government also dealt with the issue of gold through the Sherman Silver Purchase act, the Bland Allison Act and the Gold Standard Act of 1900. Congress deleted the treasury so much that it was faced with the first billion dollar budget. The economic growth of America during this time period can be linked to many things. The industrial growth of the country boosted the...