Wilson and the Assault II The board was also empowered to issue paper money- the Federal Reserve Notes- backed by commercial paper, such as promissory notes of businesspeople. Now, regarding trusts. .the Federal Trade Commission Act of 1914. .this replaced Roosevelt's Bureau of Corporations. Then the Clayton Anti Trust Act of 1914 was passed…It also stipulated that labor organizations and agricultural organizations were exempt from antitrust prosecution, while legalizing strikes and peaceful
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