In: Economics
ANS: The Reconstruction era was the period after completing of the Civil war from 1865 to 1877 and plays a significant role in the history of American civil rights. As from the era of the reconstruction to the end of the 19th century , the United States to be underwent for an economy transformation as to be marked by maturing of the industrial economy, as there is a rapid expansion and growth in big business, the development of the large scale agriculture, and seems to be rise of national labour unions and such industrial conflicts also.
The Freedom of Contract is a process in which the individuals and group of people can form contracts without any government restrictions. As this contract is formed due to opposed minimum wage laws, economic sanction and completion laws also the price fixing and the on restrictions on contracting with undocumented workers.As in this Freedom of Contract , any individuals possess a freedom of to choose that from whom to contract , where to contract , and on which terms of contract.