AMH 2020H Lecture Notes - Lecture 15: Sussex Pledge, Passenger Ship, American Medical Association
Document Summary
Corp- clayton anti trust act: moral diplomacy o. Lack of flexibility: amount of money in circulation is based on amount of gold sitting in vault, no way to increase or decrease what"s in circulation. Was no central way of doing things. The federal reserve system: broke country into 12 districts, each district had a federal reserve bank, national banks have to join federal reserve system. Private banks do not: have to give part of deposits to reserve system to hold on to, trying to bring stability to economic system, they are bankers bank. Every day people cannot go to the federal district reserve bank, only bankers. They loan money to member banks at a discount (or prime) rate. Forbid federal court from issuing injunctions (stock orders) against peaceful strikes, picketing, and union meetings. Progressive era- move toward regulating professions (cid:1) (cid:1) Child labor laws start to come about. Beginning of boy and girl scouts (cid:1)
