New Federal Agencies

Women’s Bureau, 1920 & Children’s Bureau, 1912

· These were “wedge organizations” that gave women a place on the national stage.

· Women could now find somewhere to belong within the federal government, an important step.

Federal Trade Commission, 1914

· President could now appoint a committee to investigate all industries involved in interstate commerce.

· Created as a monopoly strangler, meant to kill “unlawful competition, false advertising, mislabeling, adulteration, and bribery.”

Federal Reserve, 1913

· Decentralized, government controlled bank.

· Nation is divided into 12 districts each with a central bank

· Issued paper money, “Federal Reserve Notes” on commercial paper so that currency could be circulated quickly when need be

Federal Farm Loan Act, 1916

· Farmers get credit at low interest rates

· How populist!

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