Lassiez-faire
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 werestandard government administrations. However, toward the end of the century, economicgrowth in the US can be linked to direct government intervention. The federal followedstandard government procedure and maintained the national military, conducted foreignpolicy and collected tariffs. The lone exception to being
The federal government in 1887, passed the Interstate Commerce Act(Doc I-L). The industrial growth of thecountry boosted the economy alot. Even though the economic growth has been credited to a laissez faire policy,it was in fact direct government intervention that encouraged and developed the USeconomy. The national government began to take a more active role in the US economy andanti monopoly measures, protective tariffs and a billion dollar budget are on the top of theagenda. Rather, the economic growth of thattime was due largely to industrial expansion and development. Congress deleted the treasuryso much that it was faced with the first billion dollar budget. The federalgovernment also dealt with the issue of gold through the Sherman Silver Purchase act,the Bland Allison Act and the Gold Standard Act of 1900. The Sherman Anti Trust Act of 1890 makes corporate monopolies officiallyillegal. This allowed congress to oversee interstate commerce and regulate prices. Major innovations of thesteel industry by Carnegie and electrical energy by Thomas Edison revolutionizedAmerican industry. Although the Sherman Anti Trust proves to be useless, it shows that the federalgovernment was taking a stand in controlling corporate trusts (Doc Q). standard was the distribution ofCivil War pensions to veterans and their widows. The McKinleyTariff of 1890 was a tariff that included reciprocal trade agreements that allowed thepresident to retaliate against countries that discriminated US products. However, this industrial growth would not havebenefited the country as much as it did with out the support it received from the federalgovernment.
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Sherman Anti,
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Acceptance Essays
