CLEP US History II

Answer: B - The Consumer Financial Protection Bureau was created in 2011, almost 90 years after the Progressive Era ended. The CFPB was established following the banking and housing crises of the 2000s. The Federal Reserve System was established in 1913 to help stabilize the financial market. The Federal Trade Commission was established in 1914 to eliminate coercive monopolies and ensure consumer protection. The Interstate Commerce Commission was established in 1887 to regulate the railroads, specifically acts of commerce that take place in multiple states due to railroad transport, like the shipping of goods from a production site to a marketplace in another state. It was later expanded to regulate the trucking industry. The Food and Drug Administration was established in 1906 to regulate food safety, the safety of legal drugs, and some medical practices.