Europe felt the impact of America's slump through lack of capital, less products were being bought from Europe by Americans, American investors weren't as active, etc.
The United States Government could not tax the states and therefore had no money, they could not control trade between states and states started putting tariffs and taxes on other states goods. They were treated as a United States. Not one Country. Most importantly, shown in Shay's Rebellion, they couldn't raise an army. Only ask for volunteers
The ancient document that sheds light on the purpose of the
government is called the code of Hammurabi. This is known to be a Babylonian code
in which has been preserved well that has been dated back about 1754 B.C., this
is a record that provides the people and the prosperity during their period in
which was first recorded.
When a company controls an entire industry or a specific area of the economy it has a monopoly. Democratic governments tend to break up monopolies as they can be unhealthy for their economies. Monopolies can stifle innovation and competition.