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The Rise and Fall of Political Action Committees
In the early 1940s, political action committees or PACs formed as a way to skirt earlier regulations that made it illegal for corporate entities to donate to campaigns. This came on the heels of the Smith Connolly Anti-Strike Act. The major portion of the act enabled the president to seize plants that were part of war production and manage those plants.
The second part of our campaign finance history starts with both a scandal and reform linked to Theodore Roosevelt, and carries through to more recent Supreme Court rulings.
Research:
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