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28 Cards in this Set
- Front
- Back
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Bank of the United States, 1791
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It stabilized and improved the nation’s credit after the Revolutionary War. It also established a standard form of currency.
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Tariff of 1828 (Abominations)
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It protected northern industries through protective tariffs.
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Railroad Strikes, 1877
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It was the first major strike to propel America’s industrial revolution. It stretched all the way from the Atlantic to the Pacific. The U.S. military had to break it.
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Civil War, 1861-1865
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Businesses both North and South were negatively affected. Trans-Atlantic trade and trade between the North and South suffered due to raiders, tensions, and blockades.
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Reconstruction Ends, 1877
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This allowed industrial to get back to normal in all of the U.S.
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Munn v. Illinois, 1877
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It gave states the power to regulate private businesses if it affected the public’s interests such as Railroads.
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Interstate Commerce Act, 1887
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It was the first act that allowed the government to regulate business.
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Interstate Commerce Commission, 1887
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It as the first government body that was allowed to regulate business.
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Anthracite Coal Strike, 1902
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Business won a victory in that they didn’t recognize the union.
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Department of Commerce & Labor established, 1903
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It was a department of the government which was concerned with dealing with the excesses of big business.
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Elkins Act, 1903
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It got rid of Railroad rebates and allowed the Interstate Commerce Commission to issue fines for railroads and shippers that offered these.
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The Clayton Antitrust Act, 1914
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It was designed to fight monopolistic practices and helped to fight price discrimination. It placed a new burden on corporations to be responsible for their actions.
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Federal Trade Bill, 1914
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This bill was an antitrust bill that was put in place to curb unfair practices of corporations.
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Neutrality Act of 1939
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It restricted the trade that American Businesses could do with countries that were at war and affected the economy in the U.S.
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1st Protective Tariff, 1816
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It was the first tariff that protected and encouraged manufacturing in the United States.
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Chartering of the 2nd Bank, 1816
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It was the federal government’s central bank and provided a stabilized currency.
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“Bank War”, 1832
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It raised questions about constitutionality and the president’s authority. The Whig Party also formed as a result.
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Wabash case
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It limited the states’ rights to control interstate commerce. Lead to the creation of the Interstate Commerce Commission.
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Sherman Anti-trust Act, 1890
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It gave the government the power to control monopolistic corporations and companies.
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McKinley Tariff Act, 1890
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It raised tariffs protecting U.S. manufacturing. It also directly contributed to the Panic of 1893.
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Sherman Silver Purchase Act, 1890
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It helped to boost the economy and cause inflation which in turn lowered debts of certain groups such as farmers.
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Passage of the Meat Inspection Act and Pure Food and Drug Act, 1906
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Subjected companies to government regulation and inspection that made products, drugs, and foods safe. Helped to establish the Food and Drug Administration.
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The Jungle is published,1906
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Lead Congress to pass the Meat Inspection Act and The Pure Food and Drug Act.
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The Hepburn Act, 1906
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It extended the powers of the Interstate Commerce Commission and extended its authority to cover bridges, terminals, ferries, railroad sleeping cars, express companies, and oil pipelines. It gave the government more control over regulating business.
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The 16th amendment is passed, 1913
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It gave the government the power to directly tax the people in order to maintain the order of things directly used by the public such as roads, bridges, and the army.
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Underwood Tariff, 1913
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It raised income taxes and lowered tariffs. It also set up an independent study commission to help advise the president on the proper tariff rates.
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Federal Reserve Act, 1913
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It set up Federal Banks, and allowed for more effective supervision of the nation’s banking as well as elastic currency. Overall, it helped to prevent financial crisis due to failing banks and businesses such as the Panic of 1907.
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Hawley- Smoot Tariff, 1930
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Provided the highest protection at that time for American businesses by raising tariffs to an all new high.
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