Review on the Emergence of US Public Sector

The marrow squash Inspection comport and the Food and Drugs Act were both enacted into law in 1906 (Kotler, 1987). The Meat Inspection Act provides for the federal enforcement of sanitary regulations in meat fisticuffs facilities, and is administered by the Department of Agriculture. The Food and Drugs Act forbade the manufacture, sale, or change of adulterated or fraudulently labeled food and drugs in interstate commerce (Peterson, 1986). It was not until 1927, however, that an independent regulatory agency, the FDA, was realised to administer the act (Murphy, and Enis, 1989).

The Food and Drugs Act of 1906 was replaced by the refined Food, Drugs, and Cosmetic Act of 1938. This act has been subsequently amended by the Food Additives Amendment in 1958, and the KefauverHarris Amendment in 1962. The latter amendment dealt with the pretesting of drugs for base hit and effectiveness, and with the labeling of drugs by generic names.

The FDA exercises regulatory responsibilities with respect to foods, drugs, and cosmetics (Cummings, and Wise, 1989). The agency is outstrip known to the general public with respect to its drug pretesting curriculum; however, its responsibilities encompass even the preparation and serving of food in public establishments (Food and Drug Administration, 1986). 3

Many of the microbial organisms which are open(a) of producing food poisoning are not ordinarily pathogenic. They may, however, become pathogenic to hum

gameboard of Governors, Federal reliever establishment. The Federal Reserve System: drive and Functions. Washington: Federal Reserve System, 1974.

3. The System was to establish and maneuver an efficient system for the clearing and collecting of checks. This payment system was to be operational on a nationwide basis.

in a long line of such crises. The crisis of 1907, more than most, however, exposed yucky weaknesses in the country's national banking system (Kidwell, and Peterson, 1984). The creation of the Federal Reserve System through the Federal Reserve Act of 1913, herein after referred to as the Act, was intended to correct the deficiencies of the national banking system.

on that point were four stated goals in the Act. These four goals were associated with the management and procedure of the monetary and banking systems in the country. The Act specifically direct the newly created Federal Reserve System, herein after referred to as the System, to accomplish the following:

In contemporary society, prospects for the health of individuals are

Wallich, H. C. and Brady, T. F. Federal Reserve System. New York: McGrawHill Book Company, 1982.

2. The System was to act as a lender of last resort. In this role, the System would be in a position to fork out additional funds to member banks during periods of financial crisis.

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