1829, having been passed by the supreme court, under the leadership of John Marshall who was a VERY big government man, in 1924.
However, the side he came down on in the Maysville Road veto was that the Maysville Road was totally local and therefore federal funds should not be used for local issues. Then again, he may have opposed the bill simply because Henry Clay supported it and those men hated each other.
So perhaps by his veto of the Maysville Road bill, he was saying he did not agree with Gibbons v Ogden but like I said, to my knowledge, there is no record on how he felt about it (but I am sure he had an opinion because the man had opinions about EVERYTHING
It created new jobs and it expanded industries
<u>Positive Economists'</u> purpose is to create an explanation of a certain economic phenomena.
These economists use statistics in order to find out the aggregate behavior of the people because of a certain economic decisions. From this, they can developed an understanding to explain the economic phenomena.
<u>The normative economists' </u>purpose is to find out whether a certain economic decision achieve its original purpose.
They used statistic as a quantitative measurements. They determine the goals of a certain economic policy and They compared the statistic before the economic policy was implemented to the condition after the implementation .
This will help them know whether the policy achieve its original goals.
For example. if a certain policy was created to reduce unemployment, normative economists will compare the data/statistic about the number of employment before and after the policy.