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Learn about the significant economic reforms that took place during the Progressive Era, including the Meat Inspection Act, Pure Food and Drug Act, Federal Reserve System, graduated income tax, child labor laws, eight-hour workday laws, minimum wage laws, and the Clayton Antitrust Act.
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February 4, 2019 U.S. History Agenda: NOTES #34: What economic reforms occurred during the Progressive Era? NOTES #35: What political reforms occurred during the Progressive Era? NOTES-CHECK #s 31–35 TOMORROW
What economic reforms occurred during the Progressive Era? Notes #34
The Meat Inspection Act was passed in 1906 to require the U.S. government to inspect meatpacking factories.
The Pure Food and Drug Act was passed in 1906 to force foods and drugs to reveal their ingredients.
The Federal Reserve System was created in 1913 to regulate the money supply and interest rates of the U.S. Federal Reserve Chair Jerome Powell (2018–present) Eccles Building (Federal Reserve headquarters in Washington, D.C.)
The graduated (progressive) income tax was created in 1913 to base tax rates on a person’s ability to pay. 16th Amendment (1913)
Throughout the early 1900s, state governments began to pass child labor laws, eight-hour workday laws, and minimum wage laws.
The Clayton Antitrust Act was passed in 1914 to strengthen the power of the U.S. government to maintain competition in business. Federal Trade Commission (1914) President Woodrow Wilson