The preconditions for these two massive economic booms share similar birth paths laid in laissez faire policy, no regulation or deregulation and innovative booms.

Before the 1880's there was no real conflict between the welfare of the American people and that of its business units. That happy relationship lasted only until the 1880s.

Big business or Trusts, appeared in the United States during that decade. Once they were established, it grew faster and to a larger size than it did elsewhere. One reason was the absence of any countervailing force in America. A new country made up almost entirely of immigrants, who needed jobs, big business was welcomed and

The problems big business raised provoked a powerful public response that immediately moved into the realm of the political economy and provided for a change in the leniency of laissez faire. In the closing years of the nineteenth century, the United States became the only major industrial power to enact legislation explicitly designed to curb the power of large corporations. Congress passed the Interstate Commerce Act in 1887, the Sherman Antitrust Act in 1890, and the Federal Trade Commission and Clayton acts in 1914. The Sherman Antitrust Act remains the most stringent in the world.

The 1990's have all the ingredients in place for a further surge of innovation that could rival the Gilded Ages. Over the next decade or so, the New Economy, so far propelled mainly by information technology may turn out to be only the initial stage of a much broader flowering of technologi

Some common words found in the essay are:
Silicon Age, Age Reagan, Gilded Ages, Century Economy, Antitrust Act, Gilded Age, Ronald Reagan's, Commission Clayton, silicon age, , Commerce Act, laissez faire, sherman antitrust, antitrust act, sherman antitrust act, anti trust,
Approximate Word count = 592
Approximate Pages = 2 (250 words per page double spaced)