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What Is The Purpose Of The Federal Radio Commission

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The purpose of the formation of the Federal Radio Commission was to put systems in place to control commerce run radio and level the playing field for all of those involved in the business. Members of the government as well as other controlling bodies viewed the prospect of greed and oligopoly within the radio broadcasting industry, and sought to circumvent these problems. Even though the ideology behind the Federal Radio Commission was admirable, the principal, Herbert Hoover, believed that the federal government should “oversee all aspects of broadcasting” (Goodman & Gring, 200

Even though the initial provisions of the Radio Act of 1927 was designed to protect the radio listeners, the leaders had the desire maintain the role of public service
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The Federal Reserve Act was the first tool to take power away from large investment banks (Bauer 9). After that, he passed the Clayton Antitrust Act in 1914. The aim of this act was to control and against the monopoly in the economy. It was also strengthened the Sherman Anti-Trust Act. This act made it prohibited for companies to buy stock in other companies if doing so would create a monopoly.

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FDR’s first incentive was to make “The Emergency Banking Act which authorized the Federal Reserve Board to issue new banknotes and allow the reopening of banks that had adequate assets, and arranged for the reorganization of those that did not” (Source 2). The New Deal helped reopen banks and provided loans to banks that needed help, and closed banks that were too unstable to open (Source 4). Along with this, he made the Glass-Steagall Act that insured bank accounts through the FDIC’s (Federal Deposit Insurance Corporation) main purpose is to insure deposits, examine and supervise financial institutions for safety, soundness, and consumer protection, make large and complex financial institutions resolvable (Source 5).

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