Federal Trade Commission Act:
It was created in 1914. It is a bipartisan body of five members appointed by the president for seven year terms. It was one of Woodrow Wilson’s major things he did against trusts during the time he was the president.
The trust was created to “cease and desist” large cooperations, so that smaller businesses could have a better chance of making more money. It tried to decrease the anti-competitive business trade. It passed the senate without a second thought, and it passed the house on September 10th, 1914.
My thoughts: I thought that it was a great act, because it’s helping protect the consumers of America. It was one Woodrow Wilson’s major accomplishments of his terms, and it still serves America today.
Source: "Federal Trade Commission." Wikipedia. Wikimedia Foundation, 25 Sept. 2013. Web. 24 Sept. 2013.
Federal Farm Loan Act
It was an act created in 1916, its use was to increase credit to rural farms. It made a federal farm loan board, consisting of twelve regional farm loan banks, and farm loan associations. This is another act that was made into law by Woodrow Wilson.
In 1908, Theodore Roosevelt and some colleagues got together to look at the problems rural families faced. There were more farm families than people who lived in cities. Then, four years later, William Howard Taft and Woodrow Wilson helped put together the Federal Farm Loan Act to help our farm families.
The borrowers paid off their loans within 5 to 40 years, and most of them bought shares of the National Farm Loan Association. It was an agency that gave money from one farmer to another farmer. It also supported Woodrow Wilsons act about trusts and big businesses. The monopolies of farms decreased.
My thoughts: I think that this was an amazing act that helped the rural farmers out with their money problems. It also helped them out with their businesses, where they could possibly make more profit. It was an affordable thing for rural families to do so they could live their life with less stress.
Comments
Your first topic is brief overall and be sure to use Easybib for your sources. Discuss your photos as well.