What economic reforms occurred during the Progressive Era?

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Presentation transcript:

What economic reforms occurred during the Progressive Era?

The Meat Inspection Act was passed in 1906 to require the U. S The Meat Inspection Act was passed in 1906 to require the U.S. government to inspect meat-packing factories.

The Pure Food and Drug Act was passed in 1906 to force foods and drugs to reveal their ingredients.

Current Federal Reserve Eccles Building (headquarters, in The Federal Reserve System was created in 1913 to regulate the money supply and interest rates of the U.S. Current Federal Reserve Chairman Janet Yellen (2014–present) Eccles Building (headquarters, in Washington, D.C.)

The graduated (progressive) income tax was created in 1913 to base tax rates on a person’s ability to pay. 16th Amendment (1913)

Throughout the early 1900s, state governments began to pass child labor laws, eight-hour day laws, and minimum wage laws.

Federal Trade Commission (1914) President Woodrow Wilson The Clayton Antitrust Act was passed in 1914 to strengthen the power of the U.S. government to maintain competition in business. Federal Trade Commission (1914) President Woodrow Wilson