The Federal Reserve Act 1913 Legislation passed by Congress to create a new

The federal reserve act 1913 legislation passed by

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The Federal Reserve Act - (1913) Legislation passed by Congress to create a new national banking system in order to regulate the nation’s currency supply and ensure the stability and integrity of member banks who made up the Federal Reserve System across the nation. Louis D. Brandeis - Nominated as the “people’s attorney” to supreme court. - First Jewish member of supreme court - Defender of unions against big business - Designed the “New Freedom” program The Adamson Act of 1916 - resulted from a threatened strike by railroad unions demanding an eight-hour day and other concessions - It required time-and-a-half pay for overtime work beyond eight hours and appointed a commission to study working conditions in the railroad industry . The Clayton Anti-Trust Act - (1914) Legislation that served to enhance the Sherman Anti-Trust Act (1890) by clarifying what constituted “monopolistic” activities and declaring that labor unions were not to be viewed as “monopolies in restraint of trade.” Violence during the 1912 election - Roosevelt was shot in Milwaukee after giving a speech - Shot by saloon keeper “John Schrank” in the right chest Supreme Court of the Progressive Era - Favored progressivism - Upheld many reforms
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