One Striking Feature of the Federal Government's Approach to the Anthracite

question 42

Multiple Choice

One striking feature of the federal government's approach to the anthracite coal strike in 1902, different from the past, was that

• A) the coal miners' union was officially recognized as the legal bargaining agent of the miners.
• B) the mines were seized by the federal government and operated by federal troops.
• C) the federal government did not automatically side with the owners in the dispute.
• D) a labor dispute was considered relevant to federal concerns because it affected interstate commerce.
• E) Department of Labor mediators were active in the dispute.

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Definitions:

Discount Rate

The interest rate charged to commercial banks and other financial institutions for the loans they take from the central bank or Federal Reserve.

Depository Institutions Deregulation

This involves removing or loosening government restrictions on banks and other financial institutions to allow for greater efficiency and competition.

Monetary Control Act

A United States federal law enacted in 1980 aimed at improving the Federal Reserve's control over the monetary supply and interest rates.

Thrift Institutions

Financial organizations focused on savings and mortgage lending, including savings and loan associations, credit unions, and savings banks.