MGT 2106 Lecture Notes - Lecture 2: Aaron Ogden, Ny Waterway, New York State Legislature
Document Summary
Nations, and among the several states, and with the indian tribes. [founding fathers concerned with virginia not taxing or restricting north carolina tobacco entering. For some time after the adoption of the u. s. constitution the power based in the commerce clause was interpreted as being limited to interstate commerce and not applicable to intrastate commerce. In 1824 in gibbons v ogden, the u. s. supreme court held that commerce within states could also be regulated by the federal government as long as the commerce substantially affected commerce involving more than one state. Classic example of common law and judges creating law: the new york legislature had passed a law giving a monopoly on steamship travel (not sailboat travel) in new york state to a group of investors, including. Robert fulton, the inventor of the steamship clermont. Among the people who had permission to do business under this monopoly was aaron ogden. (daniel.
