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| Topic: |
Philosophy
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| Number of pages / Number of words: |
7 / 1792 |
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The only solution was for the executive to assume that responsibility. Roosevelt's ingenious "square dealings" and "gentlemen's agreements" controlled many firms. In 1903, a new cabinet position was created to address the concerns of business and labor (Department of Commerce and Labor). Within the department, the Bureau of Corporations was empowered to investigate and report on illegal activities of corporations...
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Within the department, the Bureau of Corporations was empowered to investigate and report on illegal activities of corporations. The abuse of economic power by railroads proposed another problem for Roosevelt. However, in 1903,
the Elkins Act empowered the ICC (Interstate Commerce Commission, first American federal regulatory agency) to act against discriminatory rebates...
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