How has the United States government grown? What political and economic factors have given rise to its regulation of the economy? These eight case studies explore the late 19th- and early 20th-century origins of government intervention in the United States economy, focusing on the political influence of special interest groups in the development of economic regulation. This book examines how constituent groups emerged and demanded government action to solve perceived economic problems, such as exorbitant railroad and utility rates, bank failure, falling agricultural prices, the immigration of low-skilled workers, work-place injury and the financing of government. The contributors look at: how pre-existing policies, institutions and market structures shaped regulatory activity; the origins of regulatory movements at the state and local levels; the effects of consensus-building on the timing and content of legislation; and how well government policies reflect constituency interests. This work aims to provide a wide-ranging historical view of the way interest group demands and political bargaining have influenced the growth of economic regulation in the United States.
It should be of interest to economists, political scientists and public policy experts.
Introduction 1 Claudia Goldin, Gary D. Libecap. 1: The Origins of State Railroad Regulation: The Illinois Constitution of 1870 13 Mark T. Kanazawa, Roger G. Noll. 2: The Institutional Antecedents of State Utility Regulation: The Chicago Gas Industry, 1860 to 1913 55 Werner Troesken 3: Congress and Railroad Regulation: 1874 to 1887 81 Keith T. Poole, Howard Rosenthal. 4: The Interaction of Taxation and Regulation in Nineteenth-Century U.S. Banking 121 John Joseph Wallis, Richard E. Sylla, John B. Legler. 5: The Origins of Federal Deposit Insurance 145 Charles W. Calomiris, Eugene N. White. 6: Political Bargaining and Cartelization in the New Deal: Orange Marketing Orders 189 Elizabeth Hoffman, Gary D. Libecap. 7: The Political Economy of Immigration Restriction in the United States, 1890 to 1921 223 Claudia Goldin 8: Coalition Formation and the Adoption of Workers' Compensation: The Case of Missouri, 1911 to 1926 259 Shawn Everett Kantor, Price V. Fishback. Contributors 299 Author Index 301 Subject Index 307