Explain With Example The Growth Of Government Controls And Regulation?

There has been a vast expansion in the laws and regulations governing economic affairs. Nineteenth century America came as close as any economy has come to being a pure laissez-faire society, the system that the British historian Thomas Carlyle labeled "anarchy plus the constable." This philosophy permitted people great personal freedom to pursue their economic ambitions and produced a century of rapid material progress. But critics saw many flaws in this laissez-faire idyll. Historians record periodic business crises, extremes of poverty and inequality, deep-seated racial discrimination, and poisoning of water, land, and air by pollution. Muckrakers and progressives called for a bridle on capitalism so that the people could steer this way ward beast in more humane directions.
Beginning in the 1890s, the United States gradually turned away from the belief that the government governs best which govern least. President Theodore Roosevelt, Woodrow Wilson, Franklin Roosevelt, and Lyndon Johnson in the face of strenuous opposition pushed out the boundaries of federal control over the economy, devising new regulatory and fiscal tools to combat the ailments of the day.