Department of Commerce

The cabinet department in the U.S. Government that deals with business, trade and commerce. Its objective is to foment higher standards of living for Americans through the creation of jobs. It aims to achieve this by promoting an infrastructure of monetary and economic growth, competitive technology and favorable international trade.

The department of commerce was originally created in 1903 under another name. It is currently administrated by the Secretary of Commerce, a member of the President's cabinet. The department houses several bureaus that perform various functions, such as the Bureau of the Census and the Bureau of Economic Analysis.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Department of Commerce — noun the United States federal department that promotes and administers domestic and foreign trade (including management of the census and the patent office); created in 1913 (Freq. 2) • Syn: ↑Commerce Department, ↑Commerce, ↑DoC • Hypernyms:… …   Useful english dictionary

  • Department of Commerce — the department of the U.S. federal government that promotes and administers domestic and foreign commerce. Abbr.: DOC * * * …   Universalium

  • Department of Commerce — U.S. federal agency that oversees economic and business development and international trade …   English contemporary dictionary

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  • Department of Commerce and Labor — noun a former executive department of the United States government; created in 1903 and split into two departments in 1913 • Hypernyms: ↑executive department …   Useful english dictionary

  • United States Department of Commerce — Seal of the United States Department of Commerce Agency overview Formed February 14, 1903 Headquarters …   Wikipedia

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  • United States Department of Commerce and Labor — The United States Department of Commerce and Labor was a short lived Cabinet department of the United States government, which was concerned with Business. It was created on February 14, 1903. It was subsequently renamed the Department of… …   Wikipedia

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