blog discussions
new blog assignment for next week over chapter 10
i have- #11. Causes of the Spanish-American War(346-348)
all points will be doubled
the clayton antitrust act of 1914 was made to strengthen the Sherman Antitrust Act of 1890
it prohibited corporations from aquiring the stock of another if doing so would create a monopoly, and if the company would violate the law , the officers would be prosectuted
also specified taht labor unions and farm organizations would no longer be subject to antitrust laws
Federal Trade Commision Act of 1914- set up the Federal Trade Commission which was an agency that was allowed to look for possible violations of regulatory statues, to require periodic reports from corporations, and to put an end to a number of unfair business practices
TAXATION/ BANKING
Federal Reserve System- the basis of the nation's banking system- we needed a way to strengthen the ways the banks were run, and a way to quickly adjust thee amount of money in circulation
the Federal Reserve Act of 1913- divided the nation into 12 districts and established a regional central bank in each district
"banker's banks" served other banks within the district
as a result of lower tariff rates- 1913- the 16th ammendment legalizes a graduated income tax which provided revenue by taxing indivdual earnings and corporate profits
larger incomes were taxed at higher rates than smaller incomes
by 1917 the government was recieving more money on the income tax than it had ever gained from tariffs
today, income taxes on corporations and individuals represent the federal government main source of revenue
AID ORGANIZATIONS- HELPING THE POOR- http://home.earthlink.net/~gfeldmeth/lec.prog.html
people such a Jane Addams set up settlement houses for the poor
created neighborhood health clinics
developed educational and craft programs for residents
promoted public health reform in cities, chlorinating water, and tightening sanitary regulations
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