Compare and contrast the roles of the federal government as both promoter and regulator of industrial development and market capitalism from 1865 and 1900.

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Business

Jamal Lopez

25 February, 05:03

Compare and contrast the roles of the federal government as both promoter and regulator of industrial development and market capitalism from 1865 and 1900.

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Darby · Answer 1

Compare and Contrast - >

Roles of the federal government - > Promoter & Regulator of industrial growth

U. S. Government = > Promoter & Regulator of industrial growth

Pacific Railway Act (1862) - They have been granted 20 square miles of land per 1 mile of the track laid down. It strongly encouraged the construction of transcontinental railway lines, contributing to five different transcontinental roads: Union Pacific RR, Central Pacific RR, South Pacific RR, North Pacific RR and the Great North. The Grants Act of Morrill Land (1862) - gave state free land.

U. S. Government = > Roles of the federal government

Sherman Antitrust Act (1890) The purpose was to promote economic competition through the regulation of shares, cartels and monopolies. It was very uncompromisingly applied Interstate Trade Act (1887). It also prohibits discrimination against shippers and pays more on the same train for shorter routes than for longer routes.

Thesis:

In the 19th Century and in themid-19th Century, the government of the United States was much more a proponent of industrialisation then an industrialisation regulator than a regulator.

In the year 1862, for instance, congress took place on the Pacific Railway Act, which gave the railway lines 20 acres per mile. This eventually culminated in five transcontinental trains: Union Pacific Railways, Central Pacific Railways, North American Railways, South Pacific Railways, and the Great North. In end, this resulted in the creation of booming towns in the west, encouraging manufacturers to relocate to their inhabitants and enabling businesses to sell their products to remote locations that were once hard to reach. Congress also enacted Morrill's 1861 Tariff Act which substituted for a higher tariff for the limited import tariff inserted in 1816. This shielded businesses from foreign competitors and increased their profits so that they could increase their power. The US government in general has been a more aggressive manufacturing supporter.