It was not in such a depression but starting to rebuild
The mining codes were established to fill a legal void in terms of laws overseeing the affairs of minors. The US government was largely absent from this scene. Miners faced many probably having to do with territorial disputes.
Generally speaking, to gain more capital for industrial expansion, small companies "borrowed money from banks," since at the early stages of production they did not generate enough capital to do so on their own.
Answer:
They strived to maintain neutrality.
