Question

In: Economics

list president Wilson's domestic legislative accomplishments 1913-1916

list president Wilson's domestic legislative accomplishments 1913-1916

Solutions

Expert Solution

The Underwood-Simmons Tariff Act, the first effective downward adjustment of the tariff since the Civil War, introduced an overall tariff cut, allowing producers more efficient and giving fair rates to customers. A rider to the act established a limited, phased income tax to cover for missed revenue.

The Federal Reserve Act (1913)
The financial system was put under governmental control, loosening the hold of Wall Street on the finances of the country. This act is considered the most critical achievement for Wilson.

Seventeenth Amendment (1913)
This amendment allowed for the popular direct election of senators.

(1914) Federal Trade Commission Act
The Federal trade Commission was tasked with upholding antitrust laws and stopping competition from being unfairly suppressed.

Clayton Anti Trust Act (1914)
Under this act, the trusts were assaulted and trade unions covered. Interlocking directorates and explicitly established unequal market practises were forbidden by this statute. Labor unions were prohibited from issues of antitrust. The legalising of nonviolent marches, picketing and boycotts has further helped labour.

Seaman Act (1915)
This Act defined requirements for the handling of merchant sailors, called the Magna Carta of American seamen.

Farm Loan Act (1916)
This law has made it easier to obtain loans for farmers.


Related Solutions

The Federal Reserve was established in 1913 and is, therefore, a “creature of Congress.” The President...
The Federal Reserve was established in 1913 and is, therefore, a “creature of Congress.” The President of the United States nominates members of the Board of Governors of the Federal Reserve, subject to confirmation by the Senate. However, the Federal Reserve is basically free to pursue monetary policy independent of Congress or the President. Should the Federal Reserve remain independent of the President and Congress or should the President and Congress control monetary policy? Why? (200 word minimum).
List and describe the components of Gross Domestic Product on the demand side. Be sure to...
List and describe the components of Gross Domestic Product on the demand side. Be sure to account for the relative size of each component within the total GDP
Which of President Richard Nixon's domestic policies did other conservatives oppose and why? Explain the major...
Which of President Richard Nixon's domestic policies did other conservatives oppose and why? Explain the major bi-partisan accomplishments of his administration. In addition to his moderate political views, what other events and/or crises led many Americans and many within his own party to eventually oppose his continuation in office?
Below is a list of domestic output and national income figures for a certain year. All...
Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same. Category Value Category Value Personal consumption expenditures $245 Personal saving 20 Net foreign factor income 4 Dividends 16 Transfer payments 12 Compensation of employees 223 Rents 14...
1- List three things that are not included when calculatingGross Domestic Product, and may result...
1- List three things that are not included when calculating Gross Domestic Product, and may result in overstating or understating GDP.1a- What is the most widely reported measure of inflation? (2 points)1b-Define Consumer Price Index. (5 points)
List the different instruments through which a domestic investor can diversify its portfolio internationally.
List the different instruments through which a domestic investor can diversify its portfolio internationally.
List the following information of Camping World Inc. CEO: President: CFO: Are any of the above...
List the following information of Camping World Inc. CEO: President: CFO: Are any of the above names famous? If so who and what are they known? What were some reasons for the stock price to fluctuate besides the usual stock market conditions. List specific examples reasons that help the stock price rise (tailwinds) or caused the stock to drop (headwinds). In at least 300 words write your recommendations for this company.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT