Posts Tagged ‘John Marshall’

  • 16750_SupremeCourt.11.16_000002592980XSmall

    Health Care and Commerce

    Mar 20, 12 • 197 Views • Demand, Supply, and Markets, Economic History, Government, Households, Macroeconomic Measurement, Regulation, UncategorizedNo Comments

    How to define commerce? In 1824, the U.S. Supreme Court was asked to decide if New York State could give a monopoly to a steamboat operator. In his decision, Chief Justice John Marshall rejected the narrow “buying and selling” definition of

  • Inventions that Fuel Economic Growth

    Health Care and Steamboats

    Jun 4, 11 • 179 Views • Businesses, Demand, Supply, and Markets, Developing Economies, Economic Debates, Economic History, Government, Labor, RegulationNo Comments

    Health care and steamboats are related. The link is the Commerce Clause of the Constitution. Hoping to promote a single national economy, the framers of the Constitution said that the Congress has the power to, “regulate Commerce with foreign nations