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      • The federal government expanded its regulation of interstate commerce, established a central bank, and began to apply its antitrust policies to large-scale businesses. State governments expanded regulations of labor and product markets and established new forms of social insurance.
      academic.oup.com › chicago-scholarship-online › book

      The Progressive Era | Government & The American Economy: A ...

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  3. www.thoughtco.com › government-involvement-in-theGovernment Involvement in the American Economy - ThoughtCo

    In general, they accepted the concept of laissez-faire, a doctrine opposing government interference in the economy except to maintain law and order. This attitude started to change during the latter part of the 19th-century, when small business, farm and labor movements began asking the government to intercede on their behalf.

  4. www.americanhistorycentral.com › entries › americanAmerican System, Summary, Facts, Significance, APUSH

    Feb 2, 2024 · The definition of the American System for APUSH is a federal economic policy proposed in the early 19th century aimed at promoting economic growth and development in the United States. The policy included three main components — infrastructure improvements, protective tariffs, and a strong national bank.

    • Randal Rust

  5. oxfordre.com › americanhistory › abstractThe Late-19th-Century Economy - Oxford Research Encyclopedias

    Summary. The United States underwent massive economic change in the four decades following the end of the American Civil War in 1865. A vibrant industrial economy catapulted the nation to a world leader in mining and manufacturing; the agricultural sector overcame organizational and technological challenges to increase productivity; and the ...

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  7. www.khanacademy.org › humanities › us-historyWestward expansion: economic development - Khan Academy

    In the late nineteenth century, the West developed into a modern agricultural machine--at the expense of farmers. Overview Land, mining, and improved transportation by rail brought settlers to the American West during the Gilded Age.

  8. www.sparknotes.com › history › americanThe Gilded Age & the Progressive Era (1877–1917): Overview ...

    Progressives believed that the government needed to take a strong, proactive role in the economy, regulating big business, immigration, and urban growth. These middle-class reformers hoped ultimately to regain control of the government from special interests like the railroads and trusts and pass effective legislation to protect consumers ...

  9. www.britannica.com › place › United-StatesUnited States - Expansion, Industrialization, Reforms ...

    The second Bank of the United States faced constant political fire, but the conflict now was not merely between farming and mercantile interests but also between local bankers who wanted access to the profits of an expanding credit system and those who, like the president of the Bank of the United States, Nicholas Biddle, wanted more regularity and predictability in banking through top-down ...

  10. www.thoughtco.com › economic-ideas-advanced-byHenry Clay's American System Economic Plan - ThoughtCo

    Sep 12, 2019 · Clay's idea was that the federal government should implement protective tariffs and internal improvements and a national bank should help develop the nation's economy. Clay's basic argument for the program was that by protecting American manufacturers from foreign competition, ever-increasing internal markets would spur American industries to grow.

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