As I wrote in a preceding essay, the First Amendment was written to limit the government’s power. In the 18th century, only the state was conceived as possibly wielding the power to keep free people from speaking their minds. Thus, if maintaining a free people requires free speech, it followed that the government must be kept from controlling speech. For a long time, no more was necessary, but that would change.
As the United States grew in population and prosperity, there was very little agitation against business. There did not need to be. Most businesses were small affairs, owned by one man or one family, employing a handful of workers. Relations between labor and management were dealt with between individuals.
In 1854, Abraham Lincoln summarized this small-scale economy, speaking of a system in which a man “may look forward and hope to be a hired laborer this year and the next, work for himself afterward, and finally to hire men to work for him! That is the true system.”