USH.SS.15.B

Describe the changing relationship between the federal government and private business, including the growth of free enterprise, costs and benefits of laissez-faire, Sherman Antitrust Act, Interstate Commerce Act, and Pure Food and Drug Act.

United States History Studies Since 1877 · Texas Essential Knowledge and Skills (TEKS) · TEKS 2010

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Vocabulary
federal governmentprivate businessrelationshipfree enterprisecosts and benefitslaissez-faireSherman Antitrust ActInterstate Commerce ActPure Food and Drug Act
Skills
  • describe (the changing relationship between the federal government and private business) #dok2
  • identify (key legislation affecting business and government) #dok1
  • analyze (costs and benefits of laissez-faire economic policies) #dok3
  • explain (the impact of acts such as the Sherman Antitrust Act, Interstate Commerce Act, and Pure Food and Drug Act) #dok2
  • compare (different government approaches to regulating business) #dok3
Learning Targets
  • I can identify key acts that changed the relationship between the federal government and private business. #dok1
  • I can describe how the relationship between the federal government and private business has changed over time. #dok2
  • I can explain the role of free enterprise and laissez-faire policies in U.S. economic history. #dok2
  • I can analyze the costs and benefits of laissez-faire economic policies for businesses and society. #dok3
  • I can compare the impact of different government regulations, like the Sherman Antitrust Act, on private business practices. #dok3
Big Ideas
  • Government regulation of business evolves in response to economic challenges and public demands.
  • The balance between free enterprise and government intervention shapes the U.S. economic landscape.
Essential Questions
  • How did the relationship between the federal government and private business change from the late 1800s to the early 1900s?
  • What are the advantages and disadvantages of laissez-faire policies in a capitalist economy?
  • How did laws such as the Sherman Antitrust Act affect businesses and consumers?
  • Why did the government intervene with acts like the Interstate Commerce Act and Pure Food and Drug Act?
  • How do government policies reflect changing attitudes towards business regulation and free enterprise?