ECON 337 Lecture 15: Econ 337 Post Midterm notes Lecture 15
Document Summary
The supreme court was established by the us constitution and began to take shape with the judiciary act of 1789. The earliest sessions were devoted to organizational proceedings. The first cases reached the supreme court in 1791. The supreme court rendered relevant decisions and established lasting precedents in its first decade of existence. The congress shall have power ( ) to regulate commerce with nations, and among the several states, and with the indian tribes ( ). Us constitution: article i, section 8, n. 2 of the enumerated powers. In 1824, the supreme court intervened in a famous case (gibbons v. ogden) and overturned a state"s grant of a steamboat monopoly. This sentence would helped ensure the us" internal common market. No state shall pass any ( ) law impairing the obligation of contracts ( ). A couple of early cases on land property (1810 fetcher v. peck, and 1819.
