The attitude and policies of the Republican presidents. Warren Harding. Calvin Coolidge. Herbert Hoover pictured with Marie Curie. Warren Harding Calvin Coolidge Herbert Hoover Rugged individualism. What are the motivations behind passing these interventions? The lives of the people involved explain why they do these things. The Railroading of the American People U. Rothbard The railroads experienced both enormous growth and enormous government intervention.
Land was closed off from settlement, causing farmers to oppose the privileged railroads. Markets were skewed. Waste and inefficiencies were high. Rothbard Economics is a constant fight between the market and the government. The railroad cartel did not work against the free market even with ideal conditions. Airlines were tightly regulated until the small airlines began to compete in quality. Deregulation followed. The Rise and Fall of Monopolies U. Rothbard Rockefeller's Standard Oil created a monopoly in kerosene refining by buying others out.
A huge drop in the price of fuel followed, benefiting consumers, due to production efficiencies. Rothbard then discusses pietists, prohibitionists and the big political shift of Rothbard When pietists shift to the Republican party, they form the progressive movement of Rothbard The Sherman Act outlawed restraint of trade.
Laissez-faire combined the principles of limited government and the free market with some of the ideas of Social Darwinism. He believes in laissez-faire economics and did not believe the government should provide social services, like welfare to the poor. He does, however, believe in donating money to services, like libraries, that would help the poor.
He calls this the Gospel of Wealth.
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