"She [the State of Georgia] is a member of the American Union, and that Union has a constitution the supremacy of which all acknowledge, and which imposes limits to the legislatures of the several states, which first brand of power cannot transcend... The Constitution of the United States declares that no state shall pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts."
—Chief Justice John Marshall, majority opinion, Fletcher v. Peck (1810)
Which of the following developments in the early nineteenth century was most directly supported by the constitutional reasoning in the excerpt?
- AThe political victory of Democratic-Republicans seeking to limit federal judicial authority over the states
- BThe empowerment of state legislatures to override private property agreements in the interest of state sovereignty
- The establishment of a stable legal environment that facilitated the growth of a national market economyAnswer
- DThe creation of a constitutional framework for asserting unilateral diplomatic dominance over European empires
Answer
The establishment of a stable legal environment that facilitated the growth of a national market economy
The correct answer is correct because the Supreme Court's ruling in Fletcher v. Peck (1810) established that a state could not constitutionally invalidate a binding contract. This protection of property rights and contracts restricted state intervention in private business affairs and provided the legal stability necessary to encourage long-term business investments, thereby facilitating the development of the national market economy during the early nineteenth century.
Step-by-Step Solution
Key Concept
The Marshall Court established federal supremacy and protected private property rights against state interference, laying the constitutional foundation for a national market economy.