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The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP.
Contract theory in economics began with 1991 Nobel Laureate Ronald H. Coase's 1937 article "The Nature of the Firm". Coase notes that "the longer the duration of a contract regarding the supply of goods or services due to the difficulty of forecasting, then the less likely and less appropriate it is for the buyer to specify what the other party should do."
An employment contract or contract of employment is a ... norm throughout the history of the United States because the agriculturally based economy and labor market ...
The Battle of Blair Mountain, August 25, 1921 – September 2, 1921, was the largest labor uprising in United States history. The conflict occurred in Logan County, West Virginia, as part of the Coal Wars, a series of early-20th-century labor disputes in Appalachia.
This is an accepted version of this page This is the latest accepted revision, reviewed on 28 January 2025. "American history" redirects here. For the history of the continents, see History of the Americas. Further information: Economic history of the United States Current territories of the United States after the Trust Territory of the Pacific Islands was given independence in 1994 This ...
Moreover, the power to contract was and is regarded at law as necessarily incidental to the Federal Government's execution of its other powers. An early Supreme Court case, the United States v. Thomas Tingey, recognized that the United States Government has a right to enter into a contract. [11]
The Norris–La Guardia Act (also known as the Anti-Injunction Bill) is a 1932 United States federal law relating to United States labor law. [1] It banned yellow-dog contracts , barred the federal courts from issuing injunctions against nonviolent labor disputes, and created a positive right of noninterference by employers against workers ...
Contract law regulates the obligations established by agreement, whether express or implied, between private parties in the United States. The law of contracts varies from state to state; there is nationwide federal contract law in certain areas, such as contracts entered into pursuant to Federal Reclamation Law.