Government regulation plays a role in business in protecting consumers, preventing actions taken by businesses that will hurt the overall economy, and also in regulating the financial industries sector to prevent major economic turmoil. Periods of unregulated economic activity have been mired by large booms and busts, so governments have attempted to intervene to regulate economies in order to prevent these damaging cycles to economies.
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Some are against the patriot act because it allows the government to basically conduct searches on personal records and many other things if they suspect someone of being a terrorist, according to the ACLU it also "violates the constitution in several ways".
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Thomas Gibbons won the case Gibbons v. Ogden in 1824 because he <em><u>held a federal license to do business.</u></em>
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The Supreme Court case of Gibbons v. Ogden was a case of a territorial issue where the two parties tried to gain superior authority over the rights involved. This court case set the precedent for how state and federal powers are entertained.
Aaron Ogden and Thomas Gibbons were former partners in the steamboat industry. So, when Gibbons got his own steamboat to operate, the issue of who can ply in the waterways became an issue. Ogden has a state permit while Gibbons's was a federal permit.
When Gibbons operates his steamboat on the waterways of New York, Ogden opposed, claiming that Gibbons has no permit. This case became a fight between the state and federal powers, with the issue of who was to have a higher power. And the court agreed or dictated that the federal government has control or precedence over the state.
So, <u>Gibbons won the case because of his federal licence against Ogden's state licence</u>.