United States Cotton Futures Act
E700812
The United States Cotton Futures Act was a federal law enacted in the early 20th century to regulate cotton futures trading by standardizing cotton grades and improving market transparency.
Statements (42)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
agricultural law ⓘ commodities regulation law ⓘ |
| affects |
cotton exchanges
ⓘ
cotton merchants ⓘ cotton producers ⓘ futures traders ⓘ |
| aimsTo |
promote fair trading practices in cotton futures markets
ⓘ
protect market participants in cotton futures trading ⓘ reduce uncertainty in cotton futures contracts ⓘ |
| appliesTo |
cotton
ⓘ
cotton futures contracts ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| defines | official cotton grade standards for futures trading ⓘ |
| enforcedIn | United States cotton exchanges NERFINISHED ⓘ |
| goal |
to create uniformity in cotton quality specifications for futures
ⓘ
to increase confidence in cotton futures markets ⓘ to provide clearer contract terms for cotton futures ⓘ |
| hasCharacteristic |
federal oversight of cotton futures grading
ⓘ
standardized grading requirements ⓘ |
| historicalContext | expansion of federal regulation of commodity markets in the early 1900s ⓘ |
| industry | cotton industry ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
federal government of the United States
|
| legalForm | Act of Congress ⓘ |
| purpose |
to improve market transparency in cotton futures trading
ⓘ
to reduce abuses in cotton futures markets ⓘ to regulate cotton futures trading ⓘ to standardize cotton grades used in futures contracts ⓘ |
| regulates |
cotton futures trading
ⓘ
use of cotton grade standards in futures contracts ⓘ |
| relatedTo |
United States agricultural policy
ⓘ
United States cotton classification system NERFINISHED ⓘ regulation of commodity futures ⓘ |
| requires |
that cotton futures contracts be based on officially defined grades
ⓘ
use of standardized cotton grades in futures contracts ⓘ |
| sector | agricultural commodities ⓘ |
| subjectMatter |
commodity grading
ⓘ
futures contracts ⓘ market regulation ⓘ |
| timePeriod | early 20th century ⓘ |
| typeOfRegulation |
commodity quality regulation
ⓘ
market standardization ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.