The Owen-Glass Act did this.
- Established the Federal Reserve System
- Established the Federal Trade Commission
- Provided for expansion of the army
- Created the food stamp program
- Strengthened the Sherman Antitrust Act
The Owen-Glass Act did this.
The Owen-Glass Act of 1913 established the decentralized, government-controlled banking system in the U.S. known as the Federal Reserve. It was the first thorough reorganization of the national banking system since the Civil War.