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DEFINITION of 'Department of Commerce'. The Department of Commerce is a Cabinet-level section of the U.S. government that is dedicated to promoting economic growth. The department works to create jobs through sustainable development, economic growth, favorable international trade terms and the accessibility of high technology.
It was created on February 14, 1903. It was subsequently renamed the Department of Commerce on March 4, 1913, and its bureaus and agencies specializing in labor were transferred to the new Department of Labor. The United States Secretary of Commerce and Labor was the head of the department. The secretary was a member of the President's Cabinet. Corresponding with the division of the department in 1913, the Secretary's position was divided into separate positions of Commerce and Labor.