Business

Business Regulations

Walter L. McGee

Grantham University

Abstract

At the turn of the century, our nation needed rules and guidelines to protect and make our nation safe. At the beginning of the colonial times to present day, our nation government needed to establish regulations. As the nation grew, so did the cities, states and the government, so we needed regulations to protect states, consumers, and corporation form unfair advantage to create monopolies? This paper will provide an insight on the government regulation of businesses from the beginning of the colonial times to present.

As cities, states and government grew during the time of the birth of our nation, so did the trade and the printing of currency. During this time the British Parliament tried to establish regulations on trade, currency and printing upon the colonies. The British Parliament establishes several regulations like the Navigation Act, Currency Act, Stamp Act and Townshend Act. The British Parliament did little to enforce the regulations they impose on the colonies. The Navigation Act was to restricted foreign shipping for trade between England and its colonies. This act was to favor England and stop trades to other countries. The Currency Act was to restricted colonies from printing currency and using gold and silver as currency, which was short during this period, giving the Parliament great power. The Stamp Act was to impose taxes on printed documents and the Townshend Act established duties on tea, paper, and paint. During the colonial period the central government which was governs under the Articles of Confederation, but lacked the powers to regulate commerce between the states. This lack of power help led to the current position of federal government created by the U.S. Constitution.

At the beginning of the nineteenth century we begin to see the position of state and federal regulations. As the nation grew the states begin to promote businesses. During this the government...