How did the notion of the freedom of contract

How did the notion of the freedom of contract

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Pages: 1

Spacing: Double spaced

Topic: How did the notion of the freedom of contract create opportunities and constraints on liberty?

Details: Read Chapter 16 of “Give Me Liberty AN AMERICAN HISTORY” Fifth edition 

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With the notion of creating a free market economy, the American government under the law of freedom of contract allowed private parties to enforce contracts without government restrictions. As a result, the informal market was characterized by profit minded contracts without the restrictions on minimum wages, competition or price levels. For a society aimed at absolute freedom from oppression the freedom of contract affected it both positively and negatively.

(330 words)