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What interests should our government serve? Why would we need government intervention during a time like industrialization?

User Luke Stevenson
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1 Answer

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Answer:The U.S. government adopted policies that supported industrial development such as providing land for the construction of railroads and maintaining high tariffs to protect American industry from foreign competition.

Without government intervention, firms can exploit monopoly power to pay low wages to workers and charge high prices to consumers. Without government intervention, we are liable to see the growth of monopoly power. Government intervention can regulate monopolies and promote competition

Explanation: I hope this helps

User MEvans
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