Wilson and Taft 11/16/2018.

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Wilson and Taft 11/16/2018

The New Freedom Woodrow Wilson A. Background 1. Calvinist-concern for righteousness B. Education 1. Princeton 2. PhD Johns Hopkins University a. Anglophilism C. Political Theories 1. English Model 11/16/2018

Entrance Into Politics 1. President of Princeton 2. Governor of New Jersey 3. Presidential Platform a. much like TR’s New Nationalism b. but more emphasis on restoring fair competition and protecting the small businessman, farmer, and worker 11/16/2018

The Wilson Administration 1. Made William Jennings Bryan Sec of State a. Thomas R. Marshall (VP) 2. Strong in dealing with Congress 3. Determined to enact programs of Progressive proposal 4. *REFORM 11/16/2018

Wilson’s Reform A. Wilson’s Method 1. Called Congress into special sessions 2. personally addressed Congress 3. reform to restore healthy competition between America and foreign countries 4. Kept the Public Informed 11/16/2018

Banking & Currency Reform B. Underwood-Simmons Tariff of 1913 C. Banking and Currency Reform D. Federal Reserve Act of 1913 E. Functions of the Federal Reserve System F. Success 1. Federal Reserve 2. elasticity of money 3. smoothing business cycles 11/16/2018

Trust-Regulation A. Federal Trade Commission Act of 1914 B. Clayton Anti-Trust Act of 1914 11/16/2018

Other Wilson Regulation A. Agriculture 1. Federal Farm Loan Act of 1916 a. credit B. Dollar Matching 1. Smith Silver Act of 1914 a. funds for agricultural extensions 11/16/2018

The Wilson Legacy 1.Most comprehensive program since Hamilton-more Hamiltonian than Jeffersonian 2. Founder of 20th Century Liberalism a. Moralistic Overtones b. Difference of temperance & Degree from Conservatism 11/16/2018