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Progressive Era: Economical

By andrenanm0

  • Currency Act

    Currency Act
    puts U.S. on gold standard

  • Money crunch.

    Money crunch.
    Panic reveals basic flaws in system. Money crunch.

  • Aldrich-Vreeland Act

    Aldrich-Vreeland Act
    authorizes special paper currency to ease shortage of money

  • Tariff Lowers

    Tariff Lowers
    Payne-Aldrich tariff lowers rates to about 38%

  • Federal Reserve Act

    Federal Reserve Act
    creates 12 members banks, controls interest rates; First U.S. banking system since Jackson's days.

  • Ford

    Ford
    Henry Ford creates the moving assembly line.

  • Oversee government spending

    Oversee government spending
    Federal bureau of the Budget established to oversee government spending