UGA FHCE 3100 - End of Consumer Movement (5 pages)

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End of Consumer Movement



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End of Consumer Movement

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End of consumer movement


Lecture number:
6
Pages:
5
Type:
Lecture Note
School:
University of Georgia
Course:
Fhce 3100 - Introduction to Personal Finance
Edition:
1

Unformatted text preview:

FHCE 3100 Lecture 6 Outline of Last Lecture I History Outline of Current Lecture II Finishing Consumer Movement Current Lecture Exam Prep Ex when was the industrial revolution Be mindful of people Set it up in decades and with people presidents who passed the bills Read the book Ex talk about the act in class so we need to read about it in book Ex why is the supply curve moving Graph The supply and demand relationship QUIZ IS OPEN take it on Wednesday You have to open the power point slides before taking quiz Consumer bill of rights Passed by Kennedy Ex airline passenger bill of rights if airline has grounded for whatever reason the longest they can keep you on it is 4 hours The Right to Safety Products offered for sale should not pose undue risk of physical harm to consumers or their families yet in a recent year for example some 33 million people in the US were reported injured and 30 000 killed in product related accidents Products that cause injuries include impure food defectively manufactured automobiles and tires drugs that have harmful side effects and unsafe appliances Kids are injured a lot CPSC The US government agency responsible for the safety of most products is the Consumer Product Safety Commission CPSC The CPSC was established in 1972 to protect the public from unreasonable risk of injury caused by consumer products The CPSC is responsible for enforcing the Flammable Fabrics Act 1953 which requires fabrics to meet standards of fire resistance as well as the Poison Prevention Packaging These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute Act 1970 and the Hazardous Substances Act 1960 which ban the use of certain dangerous substances and require warnings and safety information on the labels of others The CPSC does not have authority over food drugs or motor vehicles FDA 1906 has authority over that stuff Read about these in the book Think logically



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