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 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...

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