Final answer:
The statement that major advances in consumerism have come through federal legislation is true. Key legislation like the Sherman and Clayton Acts, the Meat Inspection Act, and the Pure Food and Drug Act, as well as the creation of the Labor Department and Federal Reserve, were instrumental in shaping consumer protection and economic stability.
Step-by-step explanation:
Major advances in consumerism have indeed come through federal legislation, which is a true statement. The federal government played a pivotal role in regulating trusts and monopolies with legislations such as the Sherman Antitrust Act and the Clayton Antitrust Act. Consumer safety has also been a significant area of federal intervention, with laws like the Meat Inspection Act and the Pure Food and Drug Act guaranteeing the quality of consumer goods. The formation of the Labor Department aimed to eliminate labor abuses, especially towards women and children, and the creation of the National Reclamation Act and the establishment of the National Park Service were vital for land conservation efforts. Furthermore, the decision to stabilize the banking industry led to the creation of the Federal Reserve, which has far-reaching impacts on the economy and consumerism.