Transcript Business and Labor Policy - Senior

Business and Labor Policy
Protecting Free Trade
NAFTA – North American Free Trade
Agreement
 Federal Subsidies
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Tax Incentives
 Government Loan
 Free Service
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Commerce Department

Purpose- To promote business interests of
the United States
Information Services
 Financial Assistance
 Research and Development Services
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Small Business Administration
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Aid for Small businesses
Credit Subsidies
 Free advice
 Business Management seminars
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Regulating Business
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The Constitution gives Congress the
power to “lay and collect taxes” for the
general welfare
Reform Movements
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Laissez-faire approach until Late 1800s
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1887- Interstate Commerce Act- created
the ICC, and placed regulations on
railroad rates.
Sherman and Clayton Anti-trust
Laws
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Trust- Several corporations combined
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S/C attempted to stop monopolies and
break up trusts, specific Standard Oil
Federal Trade Commission
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Created in 1914
Defines unfair competition
 Cease and Desist orders
 Examine Corporate Stock purchases
 Investigate Trade practices
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Consumer Protection
1906- Pure Food and Drug Act
 Created the FDA
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FTC (Federal Trade Commission)
Protects consumers from misleading and
false advertising
 Review claims of products
 Regulates labeling
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Consumer and Product Safety (CPSC)
Investigates injuries from products
 Establishes product safety standards
 Power to recall products
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Government and Labor
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Norris-La Guardia Act- Gave workers the
right to join a union
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Wagner Act- guaranteeing the right of
workers to organize and bargain
collectively (NLRB created)
Taft Hartley Act
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Restore balance between unions and
management
60 days notice before a strike
 Limited use of injunctions
 Unions can sue for damages
 Prohibited closed shops but allowed for union
shops
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