Political Developments: Legislation under the New Freedom Program

Question 1

Which laws was Wilson able to pass in 1914 restricting the power of big businesses?

Answer 1

The Federal Trade Commission Act of 1914 and the Clayton Antitrust Act of 1914

Question 2

What did the Federal Trade Commission Act of 1914 do?

Answer 2

It banned any ‘unfair’ acts in business

Question 3

What was a limitation of the Federal Trade Commission Act of 1914?

Answer 3

The term ‘unfiar’ was not specified

Question 4

What was the Federal Trade Commission able to do in the time of Wilson’s Presidency?

Answer 4

Created 400 orders for businesses to stop unfair operations

Question 5

What did the Clayton Antitrust Act of 1914 give more power to?

Answer 5

The 1890 Sherman Antitrust Act

Question 6

What did the Clayton Antitrust Act ban?

Answer 6

Price discrimination

Question 7

What did Samuel Gompers say about the Clayton Antitrust Act?

Answer 7

He supported it and called it the “Magna Carta for Labor”

Question 8

When was the Adamson Act created?

Answer 8

1916

Question 9

Which act gave railroad workers 8 hour working days?

Answer 9

The Adamson Act

Question 10

Which act was passed in what year which gave money to help the construction of highways?

Answer 10

The Federal Highway Act, passed in 1916

Question 11

What did the 1916 Federal Farm Loan Act do?

Answer 11

Gave farmers access to long-term loans

Question 12

Why was the 1916 Federal Farm Loan Act significant?

Answer 12

It meant that farmers could expand production

Question 13

What did the Workmens Compensation Act do?

Answer 13

Provided insurance for any workers who got injuries at work

Question 14

When was the Revenue Act passed?

Answer 14

1916

Question 15

What did the Revenue Act do?

Answer 15

Continued to tax the rich and redistribute their wealth

Question 16

When was the Federal Child Labor Act passed?

Answer 16

1916

Question 17

Name 2 things the Federal Child Labor Act of 1916 did

Answer 17

Started to deal with 2 million people under 16 in employment, Banned businesses from selling goods made by children

Question 18

Why did the 1916 Federal Child Labor Act only have a short-term impact?

Answer 18

In 1918 this act was ruled unconstitutional by the Supreme Court

Question 19

When was the Federal Reserve Act passed?

Answer 19

1913

Question 20

What did the Federal Reserve Act do?

Answer 20

It made a central banking system

Question 21

What was the purpose of the Federal Reserve?

Answer 21

To protect the USA from future depressions

Question 22

What percentage of banks were under the Federal Reserve system by 1923?

Answer 22

70%

Question 23

What was the long-term significance of the Federal Reserve?

Answer 23

20 years later, it was used by Franklin Roosevelt to help with the Great Depression