The latter part of the 19th century (1870-1900) is...

The latter part of the 19th century (1870-1900) is generally viewed as a dark time in American History. Called the â€Å"Gilded Age† this was a time in which increasing wealth was plagued by many problems under the surface. The Gilded Age saw increasing industrialization, urbanization, immigration, and the problems associated with them. Many people during this time period blamed these problems on the government for being â€Å"laissez-faire;† for not taking steps against industry in order to benefit the interests of the people. Although the people were correct in the fact that the government was not taking steps in order to benefit them, the claim that the government during the Gilded Age was laissez-faire is completely false. Through their†¦show more content†¦Thus, through the acquisition of wealth for the wealthy, the poor are able to obtain the necessities of life, and society is advanced. While The Theory of Moral Sentiments deals mainly with the moral ar gument for laissez-faire, The Wealth of Nations justifies the usage of laissez-faire at the national level through economic arguments. In Book 4 of The Wealth of Nations (Of systems of political Economy), Smith argued that government restrictions hindered industrial expansion and thus, harmed the economy in the long run (in earlier books, Smith had equated the growth of industry to the wealth of a nation and its individuals through historical analysis). Specifically, he stated that protectionist tariffs served against the interests of a nation by causing increasing prices of foreign and domestic goods, that export duties harm the economy by diminishing the goods that a company can ship overseas, that trade treaties harm the economy by giving a foreign nation a trade monopoly over an industry (since the other country will only be trading with them for that particular good), and that by restricting theShow MoreRelatedHealthcare Essay18323 Words   |  74 Pagesdifferently from the systems in Europe. American values and the social, political, and economic antecedents on which the US system is based have led to the formation of a unique system of health care delivery, as described in Chapter 1. This chapter discusses how these forces have been instrumental in shaping the current structure of medical services and how they are likely to shape its future. The evolutionary changes discussed here illustrate the American beliefs and values (discussed in ChapterRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesand Paul Buhle, eds., The New Left Revisited David M. Scobey, Empire City: The Making and Meaning of the New York City Landscape Gerda Lerner, Fireweed: A Political Autobiography Allida M. Black, ed., Modern American Queer History Eric Sandweiss, St. Louis: The Evolution of an American Urban Landscape Sam Wineburg, Historical Thinking and Other Unnatural Acts: Charting the Future of Teaching the Past Sharon Hartman Strom, Political Woman: Florence Luscomb and the Legacy of Radical Reform Read MoreOrganisational Theory230255 Words   |  922 Pagesunderstanding of organizations. Professor Tomas Mà ¼llern, Jà ¶nkà ¶ping International Business School, Sweden . McAuley, Duberley and Johnson’s Organizational Theory takes you on a joyful ride through the developments of one of the great enigmas of our time – How should we understand the organization? Jan Ole Similà ¤, Assistant Professor, Nord-Trà ¸ndelag University College, Norway I really enjoyed this new text and I am sure my students will enjoy it, too. It combines rigorous theoretical argument with