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As the Federal government grew and evolved, other bureaus were transferred to and from the Commerce Department, giving it a rich history and unique role in the Cabinet. The Department of Commerce was originally created as the US Department of Commerce and Labor on February 14, 1903. It was subsequently renamed the Department of Commerce on March 4, 1913, as the bureaus and agencies specializing in labor were transferred to the new Department of Labor. Interagency Convening on Equitable Economic Growth.