Lamoreaux, Naomi R.; Rosenthal, Jean-Laurent - 2021
, when both countries were undergoing industrialization. We find that contracting environment in the U.S. was in fact neither … freer nor more flexible than that in France during this critical period. Not only did U.S. law offer enterprises a more … France to improve the menu of choices. To the contrary, it was not until the late twentieth century that U.S. business …