Ogden in (1824). Gibbons v. Ogden is a case where two men have been granted a monopoly to run a ferry across the Hudson River. The Hudson River separate Manhattan from New Jersey. The state of New York granted Ogden a license to run a ferry across Hudson River, and the federal government granted Gibbons the license to run a ferry across the Hudson River. Both men sued each other in court, and the Supreme Court rules that because the ferry takes up from one state and lands at the other state that is an “Interstate Commerce,” and the federal government is the only one that has the right to say anything about that, which proves the idea of federal power of state …show more content…
This two major event took the economic power from the state government to the federal government. The economy regulation became a federal because the federal government is stronger than the state government and it is more equipped to deal with the vast growing economy. Globalization took the fast-growing economy from local to global, which made America the global economics power. Although these events played out over many decades, they reached their high points during the presidency of Franklin Roosevelt (1933–1945). The Great Depression, brought about by the crash of the stock market in 1929, was one of the most severe economic downturns in American history. Many businesses failed, roughly one-third of the population was out of work, and poverty was widespread. In response, Roosevelt implemented the New Deal, a series of programs and policies that attempted to revive the economy and prevent further depression. The New Deal included increased regulation of banking and commerce and programs to alleviate poverty, including the formation of the Works Progress Administration and a social security plan. In order to implement these programs, the national government had to grow dramatically, which consequently took power away from the