Business and Labor Policy

Protecting Free Trade NAFTA – North American Free Trade Agreement NAFTA – North American Free Trade Agreement Federal Subsidies Federal Subsidies Tax Incentives Tax Incentives Government Loan Government Loan Free Service Free Service

Commerce Department Purpose- To promote business interests of the United States Purpose- To promote business interests of the United States Information Services Information Services Financial Assistance Financial Assistance Research and Development Services Research and Development Services

Small Business Administration Aid for Small businesses Aid for Small businesses Credit Subsidies Credit Subsidies Free advice Free advice Business Management seminars Business Management seminars

Regulating Business The Constitution gives Congress the power to “lay and collect taxes” for the general welfare The Constitution gives Congress the power to “lay and collect taxes” for the general welfare

Reform Movements Laissez-faire approach until Late 1800s Laissez-faire approach until Late 1800s Interstate Commerce Act- created the ICC, and placed regulations on railroad rates Interstate Commerce Act- created the ICC, and placed regulations on railroad rates.

Sherman and Clayton Anti-trust Laws Trust- Several corporations combined Trust- Several corporations combined S/C attempted to stop monopolies and break up trusts, specific Standard Oil S/C attempted to stop monopolies and break up trusts, specific Standard Oil

Federal Trade Commission Created in 1914 Created in 1914 Defines unfair competition Defines unfair competition Cease and Desist orders Cease and Desist orders Examine Corporate Stock purchases Examine Corporate Stock purchases Investigate Trade practices Investigate Trade practices

Consumer Protection

1906- Pure Food and Drug Act Pure Food and Drug Act Created the FDA Created the FDA FTC (Federal Trade Commission) FTC (Federal Trade Commission) Protects consumers from misleading and false advertising Protects consumers from misleading and false advertising Review claims of products Review claims of products Regulates labeling Regulates labeling

Consumer and Product Safety (CPSC) Consumer and Product Safety (CPSC) Investigates injuries from products Investigates injuries from products Establishes product safety standards Establishes product safety standards Power to recall products Power to recall products

Government and Labor Norris-La Guardia Act- Gave workers the right to join a union Norris-La Guardia Act- Gave workers the right to join a union Wagner Act- guaranteeing the right of workers to organize and bargain collectively (NLRB created) Wagner Act- guaranteeing the right of workers to organize and bargain collectively (NLRB created)

Taft Hartley Act Restore balance between unions and management Restore balance between unions and management 60 days notice before a strike 60 days notice before a strike Limited use of injunctions Limited use of injunctions Unions can sue for damages Unions can sue for damages Prohibited closed shops but allowed for union shops Prohibited closed shops but allowed for union shops