My paper is about the Federal Reserve, The RMS Titanic Sinking, and The Clayton Anti-Trust law. In my essay I will talk about what the Federal Reserve, The RMS Titanic, and The Clayton Anti-Trust are about. I will also be talking about why the Federal Reserve, The RMS Titanic, and the Anti-Trust law are important. I will be talking about how they all lead to WWII and how important they were to the United States. The Federal Reserve is about the Central Bank of the United States it was created by Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. (Federal reserve.gov) The Federal Reserve was created in 1913 with the enactment of the Federal Reserve Act. The Fed …show more content…
Why is the Federal Reserve important because it provides a number of vital functions for banks the government and the economy? It provides clearinghouse operations for checks and balances. The feds represent the U.S. internationally as our central bank. The Federal Reserve sets monetary policies and provides elacity in the money supply to match the economy’s needs. How is the Federal Reserve important? First, you must understand the structure and governance of the Federal Reserve System, which has enhanced its effectiveness for nearly a century. The structure is often misunderstood yet, I believe history helps us understand why we have a regional and independent central bank. (Philadelphia fed.org/publications/annual-report/2009/regional-and independent). Colonial banks were never like modern banks. Modern is more private whereas colonial is not. President Woodrow Wilson signed the Federal Reserve Act in 1913. How did the Federal Reserve lead to WWII? WWII was the first test of the new Federal Reserve System, and it was a trial by fire. (federalreservehistory.org/events/detailview/17). “The war reshaped the Federal Reserve System in many …show more content…
The Clayton worked with Sherman to improve business. In 1914 The Clayton was enacted by congress it supplemented existing laws. Why was the Clayton Antitrust law so important? It was important because it exempted the labor unions from antitrust suits. It named specific businesses practices illegal. It also declared boycotts, strikes, and peace picketing legal. It was basis for a great many important and much publicized suits against large corporations. How was the Clayton Antitrust law important? It was important because it is an act that you have to go by when start a business or you get a fine. Many top companies in the communications industry have faced scrutiny due to Clayton’s law. The Clayton was referenced in a discussion that a monopoly was taking place. The act prohibited price discrimination. How did the Clayton antitrust law lead to ww1? The law did not lead to ww1 because it got passed during the war. It prohibited price discrimination and anticompetitive contracts. Boycotts , strikes, and peaceful picketing are no longer subject to injunctions in circumstances. Now it’s a major victory for organized