The Intel logo is displayed on a sign in front of Intel headquarters on July 16, 2025 in Santa Clara, California. Justin Sullivan/Getty Images North America
Justin Sullivan/Getty Images North America
In the capitalist American economy, markets pick winners, and the federal government typically stays out of the way of business. But during times of crisis or war, the government has occasionally felt the need to step in.
During World War I and II, it seized rail and telegraph networks, and nationalized industries, like coal mining, when strikes threatened the war effort.
The Federal Deposit Insurance Corp, established in the