WILSONS NEW FREEDOM

p. 332-337
WILSON WINS FINANCIAL REFORMS
Wilsons Background
Lawyer
Professor
President of Princeton
New Freedom
Attacked the Triple Wall of Privilege
Trusts
Tariffs
High Finance
Two Key Antitrust Measures
Freedom is not to be let alone
Clayton Antitrust Act 1914
Strengthened the Sherman Act
Unions had the right to exist and could
no longer be attacked as trusts
Federal Trade Commission
watch dog
Was reported to and investigated
corporations
WILSON WINS FINANCIAL REFORMS
A New Tax System
Underwood Act
Severely lowered tariffs
State of the Union
Bully Pulpit
Voters watch your senators
Federal Income Tax
Loss in tariff money
Sixteenth Amendment
Progressive tax
1%-6%
Largest source of revenue for
the federal government still to
this day
WILSON WINS FINANCIAL REFORMS
Federal Reserve
Federal Reserve System
Private Bank
12 Districts
Bankers bank
WOMEN WIN SUFFRAGE
Local Suffrage
1910
Wyoming
Utah
Colorado
Washington
Idaho
Some take European tactics
Catt and The National Movement
Carrie Chapman Catt
Successor of Susan B. Anthony
Painstaking organization
Close ties between local, state, and
national workers
Establishing a wide base of support
Cautious lobbying
Gracious, ladylike behavior
Nineteenth Amendment 1919
THE LIMITS OF PROGRESSIVISM
Wilson and Civil Rights
Continues to avoid the issue
Lynching
Washington D.C. re-segregated
Saw separate but equal as just
The Twilight of Progressivism
The outbreak of WWI
moves Americas focus
off change
2
nd
term dominated by
foreign policy