KEY TERMS Key Terms and People to Know for the Regents Exam
Antitrust Acts
The Sherman Antitrust Act (1890) and the Clayton Antitrust Act (1914) were enacted by the government to break-up powerful monopolies and to keep big businesses from abusing their power and eliminating competition.
Progressive Presidents
Theodore Roosevelt used his power to regulate businesses and to break-up “bad” trusts. He also focused on conservation of America’s natural resources through the creation of national parks. Taft and Wilson were also “progressive” presidents.
Federal Reserve Act
President Wilson signed the Federal Reserve Act to regulate the money supply and to stabilize the US economy. The Federal Reserve can change interest rates to control inflation and to fight against economic recessions.