US History and Constitution UNIT 3 Part 3 Flashcards
Act applied by the Constitution’s “Commerce Clause”—granting Congress the power “to Regulate Commerce with foreign Nations, and among the several States”—to regulate railroad rates.
Interstate Commerce Act
This act authorized the federal government to institute proceedings against trusts in order to dissolve them.
Sherman Anti-trust Act
This Act prevented unfair methods of competition.
Clayton Anti-trust Act
Actions taken by a government with the goal of corrupting corporate monopolies and their trusts. Industry was taking advantage of the working class, this group wanted to stand up for them by regulating the power of the industry.
Trust Busting
Law that gave FRB’s control of national banks. It helped protect the American economy by making sure one or more persons wouldn’t have too much money fall into their hands.
Federal Reserve Act of 1913
a party organization that recruits its members by the use of tangible incentives—money, political jobs—and that is characterized by a high degree of leadership control over member activity
Political Machines
One person with the most influence and power in a political group or party.
Party Bosses
type of political corruption fueled with the main motive of personal gain through taking money and using it for bribes and payoffs. It mattered in US history because of the heavy influence it had on politics at least on a more local and state level at the time.
Graft
One of the main captains of industry, most important in the electricity field. Eventually became a captain of steel after buying Carnegie’s company. His investments led to the rapid growth of electricity all around the US
JP Morgan
Departments of the government and their employees that are non elected
Civil Service
Reforms made in government departments or employed positions
Civil Service Reforms
