attempt by the gov. to control behavior of corporations, other gov. or citizens by changing the natural workings of the open market to achieve some desired goal

independent regulatory agency

gov. agency that exists outside the three branches of gov. and is responsible for enforcing pariticular statutes

federal laws and regularions that try to prevent businesses from dominating a particular market through monopoly or restraint of trade.

monopoly that controls goods and services often in combinations that reduce competition.

interlocking directions

corp. in which an officer or director sits on the board of a competitor with the iffect of restraining trade; banned by clayton act

contract by an anti-union employer that forces new workers to promise they will not join a union as a condition of employment

company in which new employees much join a union

court order forbidding specific indiv. or groups form perfoming certain acts like striking that the court considers harmful to the right sand property of an employer or community.

collective bargaining

method whereby reps of the union and employer determine wages, hours and other condiions of employment through direct negotiations.

gov. attempts to correct a wide variety of side effects, usually unintended, brought about gov. activity

sherman Anti-trust act

1890 supposed to protect against unlawful restraints and monopolies but it was not enforced by the president or supreme court at the time

Federal Trade Commission

5 person board to enforce clayton Act

Norris - la Guardia Act

made yellow dog contracts uninforceable and grandted labor the right to organize

illegal for collective bargianing agreements to contain closed shop, union shop, preferential hiring or any other clause req. complularory union membership

gov. policy that attempts to manage the economy by controlling taxing and spending

gov. policy that attempts to manage the economy by controlling the money supply and interest rates

tax levied on imports to help protect a nation's industries labor, or gramers form foreign competition. it can also be used to raise additional revenue.

consumer tax on a specific kind of merchandise, such as tobacco

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Stack #119091

term	definition
regulation	attempt by the gov. to control behavior of corporations, other gov. or citizens by changing the natural workings of the open market to achieve some desired goal
independent regulatory agency	gov. agency that exists outside the three branches of gov. and is responsible for enforcing pariticular statutes
antitrust regulation	federal laws and regularions that try to prevent businesses from dominating a particular market through monopoly or restraint of trade.
trust	monopoly that controls goods and services often in combinations that reduce competition.
interlocking directions	corp. in which an officer or director sits on the board of a competitor with the iffect of restraining trade; banned by clayton act
yellow dog contract	contract by an anti-union employer that forces new workers to promise they will not join a union as a condition of employment
closed shop	(blank)
union shop	company in which new employees much join a union
labor injunction	court order forbidding specific indiv. or groups form perfoming certain acts like striking that the court considers harmful to the right sand property of an employer or community.
collective bargaining	method whereby reps of the union and employer determine wages, hours and other condiions of employment through direct negotiations.
social regulation	gov. attempts to correct a wide variety of side effects, usually unintended, brought about gov. activity
sherman Anti-trust act	1890 supposed to protect against unlawful restraints and monopolies but it was not enforced by the president or supreme court at the time
Clayton Act	1914 Wilson;
Federal Trade Commission	5 person board to enforce clayton Act
Norris - la Guardia Act	made yellow dog contracts uninforceable and grandted labor the right to organize
right to work laws:	illegal for collective bargianing agreements to contain closed shop, union shop, preferential hiring or any other clause req. complularory union membership
fiscal policy	gov. policy that attempts to manage the economy by controlling taxing and spending
monetary policy	gov. policy that attempts to manage the economy by controlling the money supply and interest rates
tariff	tax levied on imports to help protect a nation's industries labor, or gramers form foreign competition. it can also be used to raise additional revenue.
excise tax	consumer tax on a specific kind of merchandise, such as tobacco

Created by: chelsb

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