Question

Which of the following arguments can best be made about the impact of Gibbons v. Ogden on the national economy?

Gibbons v. Ogden encouraged economic growth by increasing competition which strengthened the free enterprise system.

Gibbons v. Ogden discouraged economic growth by taking control away from the states and allowing the Federal government to monopolize industry.

Gibbons v. Ogden encouraged economic growth by increasing shipping on the waterways of the Atlantic Coast.

Gibbons v. Ogden discouraged economic growth by creating too much competition in shipping and driving shipping prices down.

Answer 1

I believe the answer is A.Gibbons v. Ogden encouraged economic growth by increasing competition which strengthened the free enterprise system.

Answer 2

Answer:

Gibbons v. Ogden encouraged economic growth by increasing competition which strengthened the free enterprise system.

Explanation:

The ruling in Gibbons v. Ogden is a precedent of the United States Supreme Court in relation to the confluence of federal laws with state laws. Under state law, New York State has granted Livingston and Fulton exclusive rights to use and navigate all waterways in the state. Gibbons arbitrarily initiated a passenger transport business between New York State and New Jersey, and Ogden, New Jersey senator and governor, sued Gibbons in violation of their exclusive business right.

Gibbons operated a steamer that went between New York State and New Jersey State. In this regard, the meaning of the federal government's trade provisions became a problem. The Supreme Court finally stated that New York State's law was in violation of federal antitrust laws that granted the regulation of interstate commerce to the federal Congress.