based on free la- bor," Temin notes. It also resulted in a na- tional government "strongly sympathetic to the growth of industry."
The big industrial corporations that emerged as the American System was be-
ing transformed into mass production were "an American phenomenon," Temin says. Large companies in Europe were limited to a much narrower range of in- dustries. The American firms flourished in a favorable legal setting. Court decisions, for insta...