Wednesday, March 2, 2011

New Federal Agencies

Women's Bureau (1920)
This was part of the Department of Labor and a way for female activists to get the word out. They saw it as a "wedge" into the federal bureaucracy and gave them a stage for social investigation and advocacy.



Children's Bureau (1912)
Created by the women activists who were always drawn to "moral" issues like protecting the children from dirty, hard labor in sweatshops and winning pensions for mothers with dependent children.




Federal Trade Commission (1914)

It was a presidentially appointed commission who would keep an eye on industries engaged in interstate commerce. Their goal was to crush the monopolies by catching unfair trade practices (included unlawful competition), false advertising, mislabeling, adulteration, and bribery.



Federal Reserve (1913)

Very important piece of economic legislation. The Board was appointed by the president (Wilson) and oversaw a nationwide system of twelve regional reserve districts, each with its own central bank. This ended up guaranteeing a substantial measure of public control. It also had the power to issue paper money (Federal Reserve Notes) backed by commercial paper.



Federal Farm Loan Act (1916)

This made credit available to farmers at low rates of interest.

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