Government interventions and regulations refer to the measures that the government can take in regulating businesses and it is done usually through policies such as competition, environmental and economic policies ( Hudson, 2016) . Through intervention, the government takes regulatory measures that are interference to the decisions that those in the market can make concerning social and economic issues. Regulations are used as a government's tool to try and control its market. From the late 1800s to the end of 1960, there was a significant increase in government interventions and regulation of businesses, intending to boost the economy and the working class. In this paper, we will look at the advantages that came with the introduction of government intervention and regulation to both the whole economy and the working sector.
After the civil wars, the united states of America was on a path of industrial development as industrialization now was spreading and the economy of the nation rapidly changing. The result of this change was the development of an unhealthy business environment which included monopoly, poor conditions of working, low wages, other unethical expectations. As from the year 1866, there was an introduction of the 14th Amendment by the American government that aimed to protect the American citizens against deprivation of property ( Nölke, ten Brink, Claar & May, 2015) . The above power was active as from the 1880s the most significant being regulation of railroad rates and more acts that were put into use for the advantage of the shippers. Another rule introduced during this period was the Antitrust law. Early on in the 1880s individuals were given monopolistic power by the state that enabled them to have total control over individual businesses ( Meckling, 2018) . The government intervened and scrapped of the Trust Agreement by passing the Sherman Antitrust Act.
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In the 1900s, after a public furor incited by the work of activist Upton Sinclair on unsanitary meatpacking practice, the government intervened and passed the Pure Food and Drug Act. The Act was established in 1906 and was later strengthened by the Congress as years passed by. Later on, other activists pushed the government to introduce new reforms such as child labor reforms which were then scrapped off ( Hudson, 2016) . In 1938, Fair Labor Standards Act was formed. The Act aimed at protecting children from child labor and also provide worker protections and it was entirely accepted. In the 1930s, the United States of America under the presidency of Franklin Roosevelt there was a market crash, and the country was in the Great Depression. Roosevelt made legislation that was to reform the banking system in the effort to revive the economy ( Nölke, ten Brink, Claar & May, 2015) . One of the important law he made was employment programs which were aimed at servicing the country's business infrastructure.
The arguments against the intervention and regulation of the government were aimed at stating that man should be left free in handling his businesses. They opposed tariffs and taxation by the government ( Meckling, 2018) . They said it was not aimed at promoting individualism. The truth is government intervention and regulation is necessary to tame unethical practices and promote fair competition.
In conclusion, the government intervention and regulations from the period 1865 t0 1930s was of a significant impact. Laws that were introduced were aimed at promoting fair competition. They included the railroad acts and antitrust Acts. When the government provides subsidies in the economy, there is likely to be spark growth of the economy.
References
Hudson, R. (2016). Rising powers and the drivers of uneven global development. Area Development and Policy , 1 (3), 279-294.
Meckling, J. (2018). The developmental state in global regulation: Economic change and climate policy. European Journal of International Relations , 24 (1), 58-81.
Nölke, A., ten Brink, T., Claar, S., & May, C. (2015). Domestic structures, foreign economic policies and global economic order: Implications from the rise of large emerging economies. European journal of international relations , 21 (3), 538-567
