US History Ch. 8 Section 5 Notes
- 1. 525 Section Chapter Section 1 Objectives • Evaluate what Wilson hoped to do with his “New Freedom” program. • Describe Wilson’s efforts to regulate the economy. • Assess the legacy of the Progressive Era. The Cold Wilson’s New Freedom War Begins
- 2. Chapter Section 25 5 Section 1 Terms and People • Woodrow Wilson – Progressive Democrat elected President in 1912 • New Freedom – Wilson’s program to place strict government controls on corporations • Sixteenth Amendment – gave Congress the power to impose an income tax • Federal Reserve Act – placed the national banks under the control of a Federal Reserve Board The Cold Wilson’s New Freedom War Begins
- 3. Chapter Section 25 5 Section 1 Terms and People (continued) • Federal Trade Commission – group appointed by the President to monitor business practices that might lead to a monopoly • Clayton Antitrust Act – strengthened antitrust laws by spelling out specific practices in which businesses could not engage The Cold Wilson’s New Freedom War Begins
- 4. Chapter Section 25 5 Section 1 What steps did Wilson take to increase the government’s role in the economy? 1. Woodrow Wilson used the expanded power of the presidency to promote a far-reaching reform agenda. Some of Wilson’s economic and antitrust measures are still important in American life today. The Cold Wilson’s New Freedom War Begins
- 5. Chapter Section 25 5 Section 1 In 1912, the Republican Party was split between Progressives who backed Theodore Roosevelt and those loyal to incumbent William Howard Taft. 2. The split allowed Woodrow Wilson, the Democrat, to win easily in the Electoral College, though he did not receive a majority of the popular votes. The Cold Wilson’s New Freedom War Begins
- 6. Chapter Section 25 5 Section 1 Woodrow Wilson • served as a college professor and President of Princeton University • served as Governor of New Jersey with a Progressive agenda • was the first southerner elected President in almost sixty years The Cold Wilson’s New Freedom War Begins
- 7. Chapter Section 25 5 Section 1 3. Wilson felt that laws shouldn’t allow the strong to crush the weak. His New Freedom plan was similar to Roosevelt’s New Nationalism. It called for strict government controls over corporations. Wilson promised to bring down the “triple wall of privilege,” tariffs, banks, and trusts. The Cold Wilson’s New Freedom War Begins In 1913, the Underwood Tariff Act cut tariffs leading to lower consumer prices.
- 8. Chapter Section 25 5 Section 1 The Underwood Act also provided for the creation of a graduated income tax, first permitted in 1913, under the newly ratified Sixteenth Amendment. Progressives like Wilson felt it was only fair that the wealthy should pay a higher percentage of their income in taxes than the poor. Revenue from the income tax more than offset the loss of funds from the lowered tariff. The Cold Wilson’s New Freedom War Begins
- 9. Chapter Section 25 5 Section 1 Wilson passed the Federal Reserve Act of 1913. It established a system of regional banks to hold reserve funds for the nation’s commercial banks. Still in place today, the Federal Reserve protects against any one person, bank, or region from controlling interest rates. Previously, a few wealthy bankers could manipulate interest rates for their own profit. The Cold Wilson’s New Freedom War Begins
- 10. Chapter Section 25 5 Section 1 Wilson strengthened antitrust laws. Like Roosevelt, he focused on trusts that used unfair practices. The Federal Trade Commission was created in 1914 to monitor businesses to prevent monopolies, false advertising, and dishonest labeling. Still in effect today, the FTC also prosecutes dishonest stock traders and regulates internet sales. The Cold Wilson’s New Freedom War Begins
- 11. Chapter Section 25 5 Section 1 In 1914, the Clayton Antitrust Act defined specific activities in which businesses could not engage. • Like Roosevelt, Wilson only opposed trusts that engaged in unfair practices. • The Clayton Act also protected unions from being defined as trusts, allowing them more freedom to organize. The Cold Wilson’s New Freedom War Begins
- 12. Chapter Section 25 5 Section 1 Wilson passed several Progressive laws that supported workers. • In 1916, the Workingman’s Compensation Act provided wages for temporarily disabled civil service employees. • In 1916, the Adamson Act provided an eighthour day for railway workers. Federal laws today protect workers who are hurt on the job and limit hours in many industries. The Cold Wilson’s New Freedom War Begins
- 13. Chapter Section 25 5 Section 1 Wilson did not always support workers, as shown in the Ludlow Massacre. • In 1913, coal miners went on strike in Ludlow, Colorado. • The company refused their demands and evicted workers from company housing. • Workers set up tents outside the company. • The Colorado National Guard was called. The Guardsmen fired on the tents and killed twenty-six people. • Wilson sent federal troops to restore order and break up the strike. The Cold Wilson’s New Freedom War Begins
- 14. Chapter Section 25 5 Section 1 4. The Progressive Era had a lasting effect on government, the economy, and society. Political reforms included the: Progressive reforms gave Americans more: • initiative • protection • referendum • control over private lives • recall • 19th Amendment • control over businesses The Cold Wilson’s New Freedom War Begins
- 15. Chapter Section 25 5 Section 1 Progressive Era Legislation and Amendments Sherman Antitrust Act (1890) Outlawed monopolies and practices that restrained trade National Reclamation Act (1902) Provided for federal irrigation projects in arid Western states Elkins Act Imposed fines on railroads that gave special rates to favored shippers (1903) Hepburn Act Allowed the government to regulate and sets maximum rates for railroads (1906) Meat Inspection Act (1906) Pure Food and Drug Act (1906) Sixteenth Amendment (1913) Provided federal inspection of packing plants and meat sold across state lines Provided federal inspection of foods, medicines for purity Gave Congress the power to collect an income tax The Cold Wilson’s New Freedom War Begins
- 16. Chapter Section 25 5 Section 1 Progressive Era Legislation and Amendments (continued) Seventeenth Amendment (1913) Provided for the direct election of Senators by the voters of each state Underwood Tariff Act (1913) Lowered tariffs on imported goods, established a graduated income tax Federal Reserve Act (1913) Created the Federal Reserve Board to oversee banks and reserve funds Federal Trade Commission Act (1914) Established the Federal Trade Commission to monitor business Clayton Antitrust Act Spelled out specific activities that businesses can not engage in (1914) Eighteenth Amendment (1919) Nineteenth Amendment (1920) Banned the making, selling, or transporting of alcoholic beverages Gave women the right to vote in all elections The Cold Wilson’s New Freedom War Begins
- 17. Chapter Section 25 5 Section 1 5. Progressive management of natural resources has impacted our environment including national parks, dams, and forests. Progressive legislation has profoundly impacted our economy including antitrust laws, the Federal Reserve System, and consumer protection. Water distribution remains a hotly debated issue. The Cold Wilson’s New Freedom War Begins
- 18. Chapter Section 25 5 Section 1 Many issues still remain involving dishonest sellers, unfair employment practices, and problems in schools, cities, the environment, and public health. Progressives succeeded in establishing the idea that government can take action in these areas. The Cold Wilson’s New Freedom War Begins
- 19. Chapter Section 25 5 Section 1 Section Review QuickTake Quiz Know It, Show It Quiz The Cold Wilson’s New Freedom War Begins