Final answer:
State governments, the Supreme Court, and the federal government took various actions to support the development of corporations and increase economic expansion during the Market Revolution in the United States.
Step-by-step explanation:
The development of corporations and the increase in economic expansion during the Market Revolution in the United States was influenced by actions taken by state governments, the Supreme Court, and the federal government.
State governments played a key role by implementing policies that supported business growth and economic activity. For example, many states passed laws granting charters to corporations, which provided them with legal protections and privileges. Additionally, state governments invested in infrastructure projects like canals and railroads, which improved transportation and facilitated trade. These actions created a favorable environment for businesses to thrive.
The Supreme Court also made decisions that supported economic expansion. One notable case was Dartmouth College v. Woodward (1819), where the Court ruled that charters granted to corporations were contracts protected by the Constitution. This decision solidified the legal foundation for corporations and provided them with greater security and stability.
At the federal level, the government took actions that stimulated business growth. For instance, the federal government promoted expansion through policies such as the Homestead Act of 1862, which provided land grants to individuals to encourage settlement in the West. The government also implemented protective tariffs to shield domestic industries from foreign competition and provided subsidies for transportation projects like the Transcontinental Railroad. These measures helped businesses grow and expand.
Learn more about the contributions of state governments, the Supreme Court, and the federal government to the development of corporations and economic expansion during the Market Revolution in the United States