History : 11084132 Industrialization And The Rise Of A Regulated Economy

Running head: GOVERNMENT AND BUSINESSGovernment and BusinessStudents NameInstitutional AffiliationDate1GOVERNMENT AND BUSINESS2The Rise of a Regulated EconomyIntroductionTowards the late 1900s through the New Deal period to the late 1930s, increasedgovernment interventions and regulations of businesses tended to help the overall economy andthe common workers. The United States experienced a dramatic period of economic changeduring and after the Civil War as the industrialization process increased drastically and changedthe American society. The transformation of the American society resulted to some forms ofabuses such as poor work conditions, oppressive expectations, low wages, and monopolisticpractices which triggered the government to increase its role in regulating business and thesociety. This paper explores how industrialization let to a regulated economy after the Civil Warthrough World War II.Supporting ArgumentsAfter the Civil War, rapid development ensured which laid grounds for the modernindustrial economy of the United States. The culmination of the 1861-1865 Civil War brought toan end the slave labor system. The Southern plantations became less profitable because they hadrelied on slave labor. However, in the North, the northern industry rapidly because of thedemands of the Civil War. The industries dominated most aspects of human life including boththe social and the political affairs (Whitaker, 1871). There was less government ...


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