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In the 19th Century,American Capitalism Appeared in Its Classic Form

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In the 19th century,American capitalism appeared in its classic form: giant firms,industrial labor force,complete commercialization of agriculture and extractive industries,big banking and finance and giant transportation systems.The property laws handed down from colonial times were apparently the perfect vehicle for economic growth.Nevertheless,Hughes and Cain (2011)argue ?that there were several legal developments in the 19th century which further aided or facilitated entrepreneurial activity and the rise of industrial capitalism; in fact,they argue,these developments were essential to the rise of industrial capitalism.Describe the developments they cite.

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According to Hughes and Cain (2011) seve...

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