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Attacked “triple wall of privilege” that blocked small businesses from being free trusts,...

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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
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Page 1: Attacked “triple wall of privilege” that blocked small businesses from being free  trusts, banks, tariffs  “New Freedom” plan to control corporations.

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.

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.

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

Page 4: Attacked “triple wall of privilege” that blocked small businesses from being free  trusts, banks, tariffs  “New Freedom” plan to control corporations.

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


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