Attacked “triple wall of privilege” that blocked small businesses from being free trusts,...
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Transcript of Attacked “triple wall of privilege” that blocked small businesses from being free trusts,...
![Page 1: Attacked “triple wall of privilege” that blocked small businesses from being free trusts, banks, tariffs “New Freedom” plan to control corporations.](https://reader035.fdocuments.us/reader035/viewer/2022062423/5697bfd51a28abf838cad301/html5/thumbnails/1.jpg)
WOODROW WILSON: 1913-1921 (D)
Attacked “triple wall of privilege” that blocked small businesses from being free trusts, banks, tariffs
“New Freedom” plan to control corporations
![Page 2: Attacked “triple wall of privilege” that blocked small businesses from being free trusts, banks, tariffs “New Freedom” plan to control corporations.](https://reader035.fdocuments.us/reader035/viewer/2022062423/5697bfd51a28abf838cad301/html5/thumbnails/2.jpg)
WILSON’S REFORMS Underwood Tariff Act (1913): cut tariffs (if US companies’ prices too high, easier to buy foreign goods)
Federal Reserve Act (1913): Fed regulates economy (adjusts interest rates, etc.)
Clayton Anti-Trust Act (1914): limited businesses’ activities, protected workers’ right to strike
Federal Trade Commission (FTC; 1914): monitors unfair business practices
![Page 3: Attacked “triple wall of privilege” that blocked small businesses from being free trusts, banks, tariffs “New Freedom” plan to control corporations.](https://reader035.fdocuments.us/reader035/viewer/2022062423/5697bfd51a28abf838cad301/html5/thumbnails/3.jpg)
PROGRESSIVE AMENDMENTS 16th: graduated income tax – 1913 17th: direct election of senators – 1913 18th: outlawed alcohol {Prohibition} – 1919 19th: women’s right to vote {suffrage} – 1920
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LEGACY OF PROGRESSIVISM Increased influence of voters Regulated big business Protected environment Assumed responsibility for welfare of workers/ consumers Monitor economy
Many problems still today?? WWI distracted Americans – ends Progressive Era