ITB: Chapter 3-1 Government and Business

Front

During early colonial life, what was the role of government in business?

Back

Limited

Front

What did the U.S. Constitution establish regarding the government's role in business?

Back

Unified market

Front

What did the federal government regulate in terms of business activities with foreign nations?

Back

Tariffs

Front

What did the federal government do to protect business property?

Back

Issue patents, copyrights, and trademarks

Front

Which founding father believed in diversified shipping, manufacturing, and banking as the key to the country's growth?

Back

Alexander Hamilton

Front

What led to the growth of the government's role in business as the nation became more industrialized?

Back

Complexity of business and need for regulation

Front

What did the government regulate in response to the growth of factories and the need for oversight?

Back

Safety and workers' rights

Front

What economic system was the country's economy built on? Options: Capitalism, Socialism, Communism, Fascism

Back

Capitalism