Acts Passed While William Howard Taft Was President

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Federal Trade Commission Act (1914)

this act allowed the government to (with the president's permission) search within industries and locate monopolies or trusts that took part in: unfair trade practices unlawful competition false advertising mislabeling adulteration bribery (social+economic)

Clayton Anti-Trust Act (1914)

this act lengthened the list of business actions that were deemed questionable, including: price discrimination interlocking directorates [this was usually achieved by holding companies] the act also sought to exempt labor and agricultural organizations from antitrust prosecution, and explicitly legalizing strikes and peaceful picketing.

Federal Reserve Act (1913)

this is an act of congress that created and established the Federal Reserve System, and the central banking and allowed it the legal authority to issue Federal Reserve Notes. (economic)

Jones Act (1916)

It granted the Philippines territorial status and promised independence as soon as a (political)


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