Legal Influences on Economic Concentration

Respond to the following in a minimum of 175 words:

Innovation and physical capital are 2 of the 4 factors of production. Discuss some specific ways that 1 of the following laws increased the productivity of 1 or both of these factors of production:
1862 Pacific Railway Act
1956 Federal-Aid Highway Act
1946 Federal Airport Act
What other examples of economic concentration can you share?
What are the risks and advantages of economic concentration?
How has economic concentration influenced your industry?

Sample Solution

Legal Influences on Economic Concentration

The Pacific Railway Act, which became law on July 1, 1862, offered government incentives to assist “men of talent, men of character, men who are willing to invest” in developing the nation`s first transcontinental rail line. Authorizing the Union Pacific and the Central Pacific railroad companies to construct the lines, the legislation provided government bonds to help fund the work, in addition to vast land grants. The legislative efforts that resulted in the Pacific Railway Act led to the successful completion of the transcontinental railroad, which reduced the travel time across the continent from several months to one week and is considered one of the greatest technological achievements of the 19th century.

, the collapse of democratic institutions, and the eventual military state was not an overnight transformation. There was no coup d’etat, no march on Rome, no storming of the Bastille. Instead, it was a political journey that allowed a semi-democratic nation to transform itself into a military dictatorship. The forces that aided in this transformation were the failed promises of the Meiji Restoration that were represented in the stagnation of the Japanese economy, the perceived capitulation of the Japanese parliamentary leaders to the western powers, a compliant public, and an independent military.

The ground work for Japanese militarism was a compliant Japanese public. This pliant public was created through a variety of factors. Beginning in the 1890’s the public education system indoctrinated students in the ideas of nationalism, loyalty to the emperor and traditionalist ideas of self-sacrifice and obedience. Thus ideas that were originally propagated to mobilize support for the Meiji government were easily diverted to form broad support for foreign militarism. Japanese society also still held many of the remnants of feudal culture such as strong confusion beliefs that stressed support for social order and lack of emphasis on individualist values. These values taught obedience not to a democratic but to the emperor; so the fact that the militaristic government of the 1930’s ruled under the emperor meant that the Japanese were loyal to this government just as they had been to the government of the 1920’s. So when Japan’s militaristic government implemented programs characteristic of totalitarian governments such as strong media control, a thought police, and community organizations the public did little to protest. Shintoism provided a religious justification for nationalism and support for the militaristic government. Shintoism before the 1930’s was primarily a nativistic religion which stressed nature and harmony. But during the 1930’s it became a ideological weapon teaching Japanese that they were a superior country that had a right to expand and that its government was divinely lead by a descendent of the sun god.

The independence and decentralization of the military allowed it to act largely on its own will as characterized in the Manchurian incident in 1931 and the Marco Polo bridge explosion in Shanghai. Because these incidents went unpunished and the Japanese public rallied around them the military was able to push for greater militarism and an increasingly active role in government till the entire government was run by the military. The London Treaty and Japan’s rejection by large European powers at the Versailles conference angered many in the military who felt that Japan was being denied its place at the table with the great powers. This lead to a disenfranchisement with the parliamentary government who the military felt had capitulated to the western powers in treaties and by stopping its colonial expansion during the nineteen twenties. Once Japan commenced on the pa

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