Forbes -
15 May 2013 20:53

In the early 1800s, Thomas Gibbons and Aaron Ogden both operated ferryboats between New Jersey and New York. Gibbons held a license from the federal government. Ogden held a license from New York. Ogden wanted to eliminate his competition. Ogden successfully sued Gibbons in the New York court system to prohibit Gibbons from operating in New York waters. On appeal, the U.S. Supreme Court ruled on two key matters. First, under the Supremacy Clause of the U.S. Constitution, federal law trumped stat...
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