they made a system that divides power.
(I'M NOT SURE OK MIGHT BE WRONG)
<span>Adam Smith's writings came to represent an economic system known as laissez-faire. This was the precursor to capitalism in the sense that the economy was governed by the invisible hands of supply and demand. Naturally, the supply and demand are affected and altered by buyers and sellers. So sellers would try to maximize their profit while competing with other sellers for business. Buyers would try to buy the BEST material without spending an arm and a leg. These cycles gave rise to the development of the more complex entity of capitalism. It also resulted in the polar opposite of economic socialis . i hope it helps</span>
<u>%Question%</u>
Describe the Hepburn Act. What did the act achieve, and why was it different from the previous.
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<u> &Answer&</u>
<em>The Hepburn Act is a 1906 United States federal law that gave the Interstate Commerce Commission (ICC) the power to set maximum railroad rates and extended its jurisdiction. This led to the discontinuation of free passes to loyal shippers.[1] In addition, the ICC could view the railroads' financial records, a task simplified by standardized bookkeeping systems. For any railroad that resisted, the ICC's conditions would remain in effect until the outcome of legislation said otherwise</em>
