Knights Charge 2/12 Test and Study Guides tomorrow What was Teddy’s plan to progress the US known as? What did he want? What two acts did he pass to protect the consumer? How did Roosevelt regulate business? What did Roosevelt want to do with the environment?
Election of 1908 Republican party splits William Howard Taft (R) – new President! Roosevelt’s right hand man Continued many progressive programs Busted 2x as many trusts as T.R. did Problems with tariffs continued… Republican party splits 1. Progressives (wanted change) 2. Conservatives (did not want change)
Bull Moose Party Roosevelt grew unhappy with how Taft was running the country Roosevelt runs under the “Bull Moose Party” in the Election of 1912
Election of 1912 Republican- William H. Taft Democrat- Woodrow Wilson Bull Moose Party- Teddy Roosevelt Socialist- Eugene V. Debs
Winner: Woodrow Wilson
Wilson’s New Freedom Wilson’s plan was known as… New Freedom (reform program) Wanted to place strict government controls on corporations cut tariffs on imported goods Passes the 16th Amendment Income tax
Wilson’s New Freedom “The man with only a little capital is finding it harder and harder to get into the field, more and more impossible to compete with the big fellow. Why? Because the laws of this country do not prevent the strong from crushing the weak.” -Woodrow Wilson, “The New Freedom,” 1913
Wilson’s New Freedom Federal Reserve Act Divided country into 12 districts Each had a federal reserve bank Controlled the $ supply *most important reform* Set interest rates
Wilson’s New Freedom Clayton Antitrust Act 1914 Federal Trade Commission (FTC) Made sure businesses did not become monopolies Clayton Antitrust Act 1914 Protected labor unions
Quick Check Write down three things that Wilson passed during his administration under New Freedom
New Freedom Square Deal C C