Federal Bureaucracy Flashcards
What is the Interstate Commerce Commission?
Monitors surface transportation and some pipelines
What is the Federal Reserve Board?
Supervises the banking system, sets interest rates, controls money supply
What is the Federal Trade Commission?
Protects consumers by looking into false advertising and antitrust violations
What is the Federal Communications Commission?
Polices the airwaves by licensing radio and TV stations and regulating cable and telephone companies
What is the Securities and Exchange Commission?
Protects investors by monitoring the sale of stocks and bonds
What is the National Labor Relations Board?
Oversees labor and management practices
What is the Consumer Product Safety Commission?
Sees standards of safety for manufactured products
What is the Nuclear Regulatory Commission?
Licenses and inspects nuclear power plants
What is the “fourth branch” of government?
Independent agencies that make up the federal bureucracy
What does the Federal Deposit Insurance Corporation (FDIC) insure?
Bank deposits
What does the Tennessee Valley Authority (TVA) ?
Established under FDR’s New Deal, authoized to revive depressed region. Today it oversees generationof electric power and maintains flood control programs
What is the largest govt corporation?
United States Postal Service
What is the “spoils system”?
Giving govt jobs in return for favors
What Act was established to reform the spoils system?
The Civil Service Act\Pendleton Act (1883)
What is the Office of Personnel Management?
In charge of recruting, training, and promiting govt workers. It was added to the Civil Service Act in 1970.
