History is more nuanced than the propaganda delivered by our state education would lead us to believe. Murray Rothbard has uncovered much here, so I will link this teaser article again. [1]
Highly recommend his books to anyone wanting to dig into the history of Progressive Era regulation, which transformed our laissez-faire economy into a centrally managed one. It offers deep insights into why our economy seems completely dysfunctional and unfair; it was designed that way to benefit powerful interests. People actually were better off with more freedom.