New Federal Agencies
The Women's Bureau (1920) and Children's Bureau (1912) were began by female activists. They were wedges into the federal bureaucracy to reform in the Department of Labor. The Federal Trade Commission of 1914 was passed under Wilson because of his want to deal with the trusts. The commission would investigate and crush monopolies by extricating unlawful competition, false ads, mislabels, adulteration, and bribery.
The Fed
eral Reserve of 1913 saved America from a financial crisis in WWI. There came into existance a Federal Reserve Board dutied wih 12 regional reserve districts each with a central bank. It issued Federal Reserve Notes (commercial paper money) which increased circulation.
eral Reserve of 1913 saved America from a financial crisis in WWI. There came into existance a Federal Reserve Board dutied wih 12 regional reserve districts each with a central bank. It issued Federal Reserve Notes (commercial paper money) which increased circulation.The Federal Farm Loan Act of 1916 made credit open to farmers at low interest rates :).
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