dard Act of 1900. Congress deleted the treasury so much that it was faced with the first peacetime billion dollar budget. The economic growth of America during this time period can be linked to many things. The industrial growth of the country boosted the economy considerably. However, this industrial growth would not have benefited the country as much as it did with out the regulation and support it received for mt he federal government. Even though the economic growth has been credited to a laissez faire policy, it was in fact direct government intervention that encouraged and developed the US economy....
