What impact did U.S governmental polices have on business and industry during late 1800's

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12-11-2018
History

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What impact did U.S governmental polices have on business and industry during late 1800's

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barbaralazarotto barbaralazarotto · Answer 1 · 2018-11-21T11:53:45+01:00

The correct answer is “The U.S. government had little or no influence on business and industry”

Thomas Jefferson and Alexander Hamilton had different opinions towards business and industry. Hamilton thought that the government should involve in banking and economic affairs with policies and regulations. Thomas Jefferson thought the opposite, he thought that there should be a free of governmental intrusion.

Thomas Jefferson’s idea won for some time, at late 1800s business operated under minimal government regulation, there would be some tariffs but protective tariffs on imported goods.