• Federal Reserve Bank Importer Acceptances
    322 words
    1. THE CREATION OF A BANKERS ACCEPTANCE Acceptances arise most often in connection with international trade: U. S. imports and exports and trade between foreign countries. 1 An American importer may request acceptance financing from its bank when, as is frequently the casein international trade, it does not have a close relationship with and cannot obtain financing from the exporter it is dealing with. Once the importer and bank have completed an acceptance agreement, in which the bank agrees to...
  • Federal Courts State Courts And Concurrent Jurisdiction
    1,079 words
    The United States court system has seen a trend of increased involvement of the federal courts in criminal matters, which used to fall within the exclusive domain of the state courts. Most criminal cases violate only state law, and therefore are tried only in the state courts. Henry Glick would agree that counterfeiting, treason, and illegal immigration are some of the unique cases, which can only be tried by the federal courts. The boundary, by which federal courts and state courts diverge with...
  • Marble Cake Layered System
    531 words
    in political since, Federalism is defined as a government devided between two or more levels of power. the united states of america is one of the nations that utilizes such system. the United States system is a three level government. Politian's are devided on how to represent the sytem. some say that it is a layered system where the federal government is on top, followed by the state government, then the local governemt. this model suggests that there is a chain of power where the federal gove...
  • Federal System Reserve Banks Bank
    987 words
    central banking system of the United States. Established in 1913, it began to operate in Nov. , 1914. Its setup, although somewhat altered since its establishment, particularly by the Banking Act of 1935, has remained substantially the same. Structure The Federal Reserve Act created 12 regional Federal Reserve banks, supervised by a Federal Reserve Board. Each reserve bank is the central bank for its district. The boundary lines of the districts were drawn in accordance with broad geographic pa...
  • Federalism Federal Government
    407 words
    Due to the immense power of our federal government, people often argue that it is too powerful and should be lessened. Since the 1990 s there has been an effort to shift power from the federal government to the states. States rights has been an issue since our country was first founded, and even now we cant seem to please everyones requests at equal power. This country was founded with the attempt to separate the federal government and the state government, known as federalism. The goal of feder...
  • Federal Government Federalism States State
    993 words
    The Evolution of the Constitution American federalism has changed drastically since its genesis. In 1776 the thirteen colonies adopted the Articles of Confederation in order to coordinate their efforts in the war for independence. The Articles of Confederation bound the states together in two main aspects; foreign and military affairs. The Articles of Confederation worked well while all the states had a common cause. However, as soon as the war ended and interests began to change, it became obvi...
  • Federal Court Courts Cases System
    618 words
    The federal judiciary of the United States is split into, essentially, one court system for the national government and one for each of the states. The federal courts are then split up further. The first level of federal courts are the district courts, including the U. S. Tax Court, followed by the U. S. courts of appeal, which includes the U. S. Claims Court and the Court of International Trade. On the top of the pyramid lies the U. S. Supreme Court, which handles cases of the utmost importan...
  • Government Federal Mandates Local
    520 words
    Federal laws and regulations requiring specific action from state and local governments without providing federal funding to pay for it are called " unfounded mandates." The Clean Air Act (CAA) of 1970, which established nationwide standards for air quality, is one such "unfounded mandate." Although it is a federal law, states must pay the cost of implementation and enforcement. For years, state and local governments have lobbied Congress to end the practice of federal mandates without funds for...
  • John Marshall's Court Rulings
    493 words
    Hamilton was a federalist and served as the secretary of the treasury in the 1890 s. He was a strong supporter of a centralized federal government. He also advocated loose interpretation of the u. s. constitution and the use of the elastic clause. Which was an ambiguous power of the federal government stating that congress can do what it is proper and necessary john Marshalls epitomizing of these Hamiltonian principals and philosophies can be seen in several of his court rulings. Such as, McCul...
  • Court System Courts Federal Provincial
    1,468 words
    The basic role of the Canadian court system is to deliver justice between two individuals or two individuals and the state. There are four levels of court in Canada. Provincial courts are the lowest in terms of power. They handle most of the day to day cases. The next court in terms of power is the provincial and territorial superior courts. These courts take care of the more serious crimes that are admitted into the system, and can also take appeals from provincial court judgments. Another tha...
  • Monetary Policy Federal Reserve Rate
    451 words
    Monetary Policy Ulrica Clark Chapter 15 Monetary Policy Monetary policy has some basic goals: to promote 'maximum's ustainable output and employment and to promote 'stable' prices. The term 'monetary policy' refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals. The Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy. The Fed ca...
  • Courts Federal Court
    1,057 words
    The jurisdiction of the federal courts is defined in Article III, Section 2, of the Constitution, as extending in law and equity to all cases arising under the Constitution and federal legislation; to controversies to which the U. S. shall be a party, including those arising from treaties with other governments; to admiralty and maritime cases; to controversies between states; to controversies between a state, or its citizens, and foreign governments or their subjects; and to controversies betwe...
  • Federal Reserve Act Government Legislation
    859 words
    The Progressive Era - Federal Legislation The Progressive Era was a period in which the federal government increased its legislation and its grasp of the nation. There were three distinct pieces of federal legislation that seem to stick out, The Meat Inspection Act The Federal Reserve Act, , and The Hepburn Act. All of this legislation gave the government an extremely large amount of power to regulate business and industry as well as the people of the United States of America. The first of the l...
  • Federal Reserve Financial Nation Congress
    305 words
    The Federal Reserve is the central bank of the United States. It was created by Congress to provide the nation with a safer, more flexible and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, with the signing of the Federal Reserve Act by President Woodrow Wilson. Today, the Federal Reserve's duties fall into four general areas: conducting the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full empl...
  • The Government Should Make Use Of Revenue Sharing
    631 words
    The Government Should Make Use of Revenue Sharing Federal grants have become more common over the last 60 years, due to the expansion and retraction of the size of the federal government. The federal government began expanding in the 1930 s to deal with the Depression. It used federal agencies to directly deal with problems. As time went on, the tasks were turned over to the states, but the federal government still remained involved through the use of federal grants to states and localities. In ...
  • The Federal Reserve System
    1,397 words
    The Federal Reserve System Why do a research paper on the Federal Reserve System? This is a question we went over in our heads while making a decision on the type of research paper to do, what we wanted to learn more about and why. Over the past few years we have realized the impact that the Federal Government has on our economy, yet we never knew enough about the subject to understand why. While taking this Economics course it has brought so many things to our attention, especially since we see...
  • Cdn Provinces Federalsystem Federal Government
    381 words
    The Provinces and the Federal System The three areas of federal and provincial relations where decentralization is made evident are as follows: First and foremost is the Judicial Interpretation. When the first Canadian laws were drawn up in 1867 Canada s final appeal in constitutional decisions was the Judicial Committee of the Privy Council in London, England. In section 91 of the 1867 act, in the Peace, Order and Good Government Clause (POGG) all powers in section 92 are left to the federal go...
  • Disunited States Federal Government
    370 words
    According to the article, the majority of the nation seems to be pro-devolution, or for returning power from the federal government to state governments on several issues. The author gives several reasons for devolution and against it, but overall he thinks that devolution would be a major mistake for the nation and proposes that we instead readjust the federal government to meet the needs of today. There are several reasons given for devolution of the federal government, the first is that a sin...
  • South Dakota Vs Dole
    645 words
    In 1987, the power of the 21 st Amendment of the Constitution was in question by South Dakota and the State Secretary of Transportation (1983-87), 1 Elizabeth Dole. The 21 st Amendment declares that states have complete control over production, sale, and transportation of alcohol and that liquor importation and sale are no longer prohibited among states of the US (since the prohibition law of the 18 th Amendment). However, a federal law states that in order for a portion of federal highway funds...
  • Federal Express And Congress
    535 words
    Is it important for businesses to play an active role in the political process? History paints an active play on how businesses tend to exercise their political powers to influence special interests. Some could argue that this political influence dates back to the Revolutionary War. In today's changing and demanding society, businesses and Congress continues to play the political wars to influence their interests. In the Federal Express and Congress case, is it apparent that Federal Express exer...