brief introductory section of why the colonist held corporations in such low esteem and chose to regulate and restrict the activities of corporations severely. The founding fathers were indeed liberals and did believe in a capitalistic economy. But likewise, they also believed strongly in regulating trade. So much so that one of the enumerated powers in the constitution granted the federal government to the regulation of commerce.
Corporations first came about in the middle of the 1600s in England where the crown vested governmental authority to certain commerce groups. The royal charters granted regulated the trading company or corporations since only the Crown had the right to govern trade. In May 1812, an act of Congress was passed which set aside bounty lands as payment to volunteer soldiers for the War against the British (War of 1812). The land was set aside in western territories that became part of the present states of Arkansas, Michigan and Illinois. This article is for educational purpose only: and will teach you some things that public school never taught you, the government tells the school what to teach you! Always remember, the winners write the history, and the losers write the songs.
No comments:
Post a Comment