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Commerce, Department of

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Commerce, Department of

US government department established in its present form in 1913 after being part of the Department of Commerce and Labor. Its duties include the collection of economic statistics, issuing patents and trademarks, encouraging technological development, promoting US business domestically and abroad, job creation, and economic growth; it also forecasts the weather. The department has 40,000 workers and a budget of over US$5 billion (2003). The secretary of commerce is Carlos Gutierrez (from 2005).

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