Tuesday, March 1, 2011

New Federal Agencies

-Women's Bureau (1920) and Children's Bureau (1912)
These bureaus were new agencies added to the Department of Labor. They gave women reformers a stage for advocacy and social investigations. Women fought for social issues such as child labor, disease in tenements, food safety, and pensions for mothers with dependent kids.

-The Federal Reserve, 1913
The Federal Reserve Act set up 12 regional reserve districts, each headed by a central bank. It issued Federal Reserve Notes backed by commercial paper to increase circulation.

-The Federal Farm Loan Act, 1916
This act pleased the Populists! It made credit available at low interest rates for farmers. It was one of several laws that benefitted rural America.

-The Federal Trade Commission Act, 1914
This act allowed a presidentially appointed commission to inspect interstate commerce industries to crush monopoly by forbidding unfair practices, such as unlawful competition, false advertising, mislabling, adulteration (NOT ADULTERY!!!!!!!!!!!!!!) and bribery.

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