Examples of Federal Reserve Act in the following topics:
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- President Wilson secured passage of the Federal Reserve Act in late 1913.
- President Wilson secured passage of the Federal Reserve Act in late 1913, as an attempt to carve out a middle ground between conservative Republicans, led by Senator Nelson W.
- The final Federal Reserve Act passed in December 1913, and most bankers criticized the plan for giving too much financial control to Washington, while liberal reformers claimed that it allowed bankers to maintain too much power.
- Wilson named Paul Warburg and other prominent bankers to direct the Federal Reserve.
- Despite the fact that the Act intended to diminish the influence of the New York banks, the New York branch continued to dominate the Federal Reserve until the New Deal reorganized and strengthened the Federal Reserve in the 1930s.
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- Included among these were the Federal Reserve Act, Federal Trade Commission Act, the Clayton Antitrust Act, and the Federal Farm Loan Act.
- Wilson's banking reform was most notably accomplished by the 1913 creation of the Federal Reserve System.
- President Wilson secured passage of the Federal Reserve Act in late 1913, as an attempt to carve out a middle ground between conservative Republicans, led by Senator Nelson W.
- Wilson named Paul Warburg and other prominent bankers to direct the Federal Reserve.
- Despite the fact that the Act intended to diminish the influence of the New York banks, the New York branch continued to dominate the Federal Reserve until the New Deal reorganized and strengthened the Federal Reserve in the 1930s.
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- This included the Federal Reserve Act, the Underwood Tariff, the Federal Trade Commission, the Clayton Antitrust Act, and the Adamson Act.
- In late 1913, Wilson secured passage of the Federal Reserve Act, an Act of Congress that created the Federal Reserve System, the central banking system of the U.S., and granted it the legal authority to issue currency.
- To create the Federal Reserve System, he had to negotiate a compromise between conservative Republicans (led by Senator Nelson W.
- A complex business-government partnership that to this day dominates the financial world, the Federal Reserve System played a major role in financing the Allied and American war efforts during the two World Wars.
- On the home front in 1917, he began the first U.S. draft since the American Civil War, borrowed billions of dollars in funding through the newly established Federal Reserve Bank and Liberty Bonds, set up the War Industries Board, promoted labor union cooperation, supervised agriculture and food production through the Lever Act, took control of the railroads, and suppressed anti-war movements.
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- With approximately only one third of banks belonging to the Federal Reserve System and thousands of unregulated commercial banks, the banking system was on the verge of collapse.
- All the FDIC insured banks were required to become or to apply to become members of the Federal Reserve System by July 1, 1934 (the deadline was later extended).
- Regulation of transactions between Federal Reserve member banks and their non-bank affiliates.
- With the passage of the Gold Reserve Act in 1934, the nominal price of gold was changed from $20.67 per troy ounce to $35
and most of the private possession of gold was outlawed.
- These reforms enabled the Federal Reserve to increase the amount of money in circulation to the level the economy needed.
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- Wilson sought to encourage competition and curb trusts by using the Federal Trade Commission to enforce the Clayton Antitrust Act.
- For instance, the 1916 Federal Farm Loan Act provided for issuance of low-cost, long term mortgages to farmers, and the Adamson Act imposed an eight-hour workday in the railroad industry (prompted by the 1916 summer strike by railroad employees).
- Wilson also attempted to curtail child labor with the Keating-Owen Act.
- In addition to the Underwood tariff, which seemed to finally resolve the political debate over tariff rates, and the creation of the Federal Reserve, Wilson also supported anti-trust legislation.
- The Federal Trade Commission effectively restricted unfair trade practices and enforced the 1914 Clayton Antitrust Act.
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- The Constitution is an act of "the People."
- There are two types of federal systems: dual federalism and cooperative federalism.
- The Constitution contains safeguards that prevent stretching federalism too far to either extreme, and the Tenth Amendment notably reserves for state governments all powers not expressly given to the federal government within the Constitution.
- Domestically, the federal government's sovereignty means that it may perform acts—such as entering into contracts or accepting bonds—that are typical of governmental entities but not expressly provided for in the Constitution or other laws.
- For example, although the federal government prosecutes crimes against the United States (such as treason or interference with the postal system), the general administration of criminal justice is reserved to the states.
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- Three-quarters of the banks in the Federal Reserve System reopened within the next three days.
- The act also established the Federal Deposit Insurance Corporation (FDIC), which insured deposits for up to $2,500, ending the risk of runs on banks.
- The Federal Reserve was required by law to have 40 percent gold backing their cash notes, and thus, could not expand the money supply beyond what was allowed by the gold reserves held in their vaults.
- With the passage of the Gold Reserve Act in 1934, the nominal price of gold was changed from $20.67 per troy ounce to $35.
- This measure enabled the Federal Reserve to increase the amount of money in circulation to the level the economy needed.
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- Termination of a tribe meant the immediate withdrawal of all federal aid, services, and protection, as well as the end of reservations.
- The resolution established that Congress would pass termination acts on a tribe by tribe basis.
- Most such acts included the cessation of federal recognition and all the federal aid that came along with that designation.
- In addition to ending the tribal rights as sovereign nations, the policy terminated federal support of most of the health care and education programs, utility services, and police and fire departments available to Indians on reservations.
- In 1975, Congress had implicitly rejected the termination policy by passing the Indian Self-Determination and Education Assistance Act, increasing tribal control over reservations and assisting with funding to building schools closer to the reservations.
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- ., the federal government).
- Domestically, the federal government's sovereignty means that it may perform acts such as entering into contracts or accepting bonds, which are typical of governmental entities but not expressly provided for in the Constitution or laws.
- In the event of a conflict, a valid federal law prevails.
- For example, although the federal government prosecutes crimes against the United States (such as treason or interference with the postal system), the general administration of criminal justice is reserved for the states.
- In this transition, the "Union" was made "more perfect" by the creation of a federal government with enough power to act directly upon citizens, rather than a government with narrowly limited power that could act on citizens (e.g., by imposing taxes) only indirectly through the states.
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- He encouraged the Newlands Reclamation Act of 1902 to promote federal construction of dams to irrigate small farms and placed 230 million acres under federal protection.
- Roosevelt established the United States Forest Service, signed into law the creation of five national parks, and signed the 1906 Antiquities Act, under which he designated 18 new U.S. national monuments.
- He also established the first 51 bird reserves, 4 game preserves, and 150 national forests, including the nation's first, Shoshone National Forest.
- In 1905, his department gained control of the national forest reserves.
- Pinchot promoted private use (for a fee) under federal supervision.