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underwood-simmons act
first major tariff revision since the Civil War; one of the most significant tariff acts in American History
16th amendment
created the federal income tax on 1913
federal reserve act
created a privately controlled central banking system under the control of the federal government
federal reserve bank
fill in the blank
the federal reserve act divided the nation into 12 banking districts with a ________ _________ _____ in each district
reserve requirement
% of deposits that member banks are required to hold on reserve
discount rate
rate of interest charged to member banks that borrow money from Federal Reserve Banks
federal trade commission (FTC)
investigated businesses engaged in interstate commerce to detect unfair trade practices
clayton antitrust act
declared certain business practices illegal
interlocking directorate
same men serving on the board of directors for several different companies
holding company
a corporation whose business held stock in other corporations (can create a monopoly)
nicaragua
fill in the blank
The US paid ________ $3 million for a perpetual option to build a canal through their land
danish west indies
fill in the blank
The US purchased the ______ _____ _____ in 1920 for $25 million
virgin islands
They were used as a naval base to protect the Panama Canal
victoriano huerta
fill in the blank
Mexico’s dictator ________ _____ was threatening American Businesses in Mexico
venustiano carranza
fill in the blank
Huerta fled Mexico after ________ _______ took control of the government
pancho villa
fill in the blank
Carranza’s former ally _______ _____ attacked American civilians in Texas
john j. pershing
sent to capture Pancho Villa
