The extraordinary growth of the regulation is beyond debate. Ronald J. Penoyer of the center for the study of American business, the Washington University, St. Louis, has compiled a Volume titled the Directory of Federal Regulatory Agencies. In the present data on the development agencies as measured by the scope of their powers, employment, budgets,and so on. The simple listing of the agencies and the brief summary of the vital statistics runs over 100 pages. The figures 1.1 and the 1.2 present some of the Penoyer's data. As Figure 1.1 clearly shows, the bulk of the growth in the number of agencies is attributable to three decades: that of the Great Depression—the 1930s, and the decades of in- creased social activism—the 1960s and 1970s. Of the more than 200 years covered, those 30 years account for 70% of all agency growth.
