1890 - tariffs as high as 49.5% put on certain foreign goods.
1 of 9
The Silver Purchase Act
1890 - the government would buy 4.5 million ounces of silver a month from mine owners. It was repealed in 1893.
2 of 9
The Sherman Anti-Trust Act
1890 - made trusts illegal but wasn't effectively enforced. Only 36 cases in 11 years. Taft prosecuted Standard Oil and American Tobacco in 1911 under this Act.
3 of 9
The Federal Farm Loan Act
1916 - gave low cost federal loans to farmers.
4 of 9
'Trust-busting'
1901 - 1909 - Roosevelt doubled the number of cases prosecuted under the Sherman Anti-Trust Act from 12 to 24 whilst in office.
5 of 9
The Hepburn Act
1906 - gave federal government more control over rail road companies and the rates they could charge customers.
6 of 9
The Clayton Anti-Trust Act
1914 - ensured strikes and pickets were legal.
7 of 9
The Underwood Tariff Act
1913 - reduced tariffs on more than 1,000 products and abolished tariffs on some goods. Also increased tariffs on luxury goods and introduced a graduated income tax.
8 of 9
The Federal Reserve Board
12 local boards controlled money supply to help keep prices stable. Not very effective at the beginning but then became a very important government agency in stabilising the economy.
9 of 9
Other cards in this set
Card 2
Front
1890 - the government would buy 4.5 million ounces of silver a month from mine owners. It was repealed in 1893.
Back
The Silver Purchase Act
Card 3
Front
1890 - made trusts illegal but wasn't effectively enforced. Only 36 cases in 11 years. Taft prosecuted Standard Oil and American Tobacco in 1911 under this Act.
Back
Card 4
Front
1916 - gave low cost federal loans to farmers.
Back
Card 5
Front
1901 - 1909 - Roosevelt doubled the number of cases prosecuted under the Sherman Anti-Trust Act from 12 to 24 whilst in office.
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