FEDERAL REFORM (ECONOMIC) (jan 1, 1890 – jan 1, 1914)

Description:

---The Sherman Anti-Trust Act is a law that regulates competition amongst insiders. It was the first federal act that outlawed monopolistic business practices.
---The Clayton Anti-Trust Act was made to add further substance to the U.S. antitrust law regime by attempting to prevent anti-competitive practices.
---The Clayton Act specified particular prohibited conduct, the three-level enforcement scheme, the exemptions, as well as the remedial measures
---The Federal Reserve was established in 1913 and was created to provide the nation with a safer monetary and financial system
---The Federal Reserve Act gave the 12 banks ability to print money in order to ensure economic stability