1- Sherman Antitrust Act 1890 2- Clayton Act 1914 3- Federal Trade Commission Act 1914
Sherman Anti-Trust Act
The Sherman Anti-Trust Act, created by Roosevelt.
The Sherman Antitrust Act prohibited interference with free trade. Trusts were business organizations that aimed to restrict the flow of goods and money in the economy, and by setting up an antitrust act Sherman attempted to prohibit this sort of interference.
1. sherman Antitrust act 2. Clayton Antitrust Act 3. Federal trade Commision Act 4. Robinson Patman Act
It was Grover Cleveland who supported and pushed through the repeal of the Sherman Silver Purchase Act. Cleveland was the 24th U.S. President.
Sherman Silver Purchase Act, 1890, passed by the U.S. Congress to supplant the Bland-Allison Act of 1878. It not only required the U.S. government to purchase nearly twice as much silver as before, but also added substantially to the amount of money already in circulation. The Sherman Silver Purchase Act (supported by John Sherman only as a compromise with the advocates of free silver) threatened, when put into operation, to undermine the U.S. Treasury's gold reserves. After the panic of 1893 broke, President Cleveland called a special session of Congress and secured (1893) the repeal of the act.
It had to purchase at least four million ounces of silver each month.
miners and farmers
sherman silver purchase act of 1890
buy silver with bond that could be traded for gold
It decreased as people sold silver and collected gold.
The Sherman SilverPurchase Act of 1890
The Sherman Silver Purchase Act nearly caused the US to go bankrupt. Farmers demanded relief from the low prices of crops, high interest rates, and the high cost of buying new expensive equipment. They wanted free silver to bring relief to their farms. The US Treasury created a note that would be able to be redeemed for gold. J.P. Morgan loaned the US gold that allowed it to stay afloat. The currency back in the day was backed by gold. With little gold left in the treasury, it would have made the US Dollar worthless.
The Sherman Silver Purchase Act in 1890 required that all western to be purchased was paid for in either silver or gold. The United States was trying to buy up all of the silver that was circulated so that the country could adopt the gold standard for money.
The Pendleton Act was related to the reformation of the federal labor force.
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