Industrialization and Progressivism CSS 11.1, 11.2, 11.3. 11.5, 11.6 1877 - 1917 Unit 2—Chapters 3 – 4 Industrialization and Progressivism CSS 11.1, 11.2, 11.3. 11.5, 11.6

Woodrow Wilson Wednesday, 10/15 Turn in your homework Take your seat Take out your Notebook Precious Time Precious Time: Work on anything you need to in your notebook.

Today’s Agenda Precious Time FN: “Progressive Women” Homework: Finish your study guide

President Wilson EQ: What steps did Wilson take to increase the government’s role in the economy?

Election of 1912

Woodrow Wilson (1913 – 1921) idealistic “New Freedom” program promised to lower taxes, control the banks and the trusts much of the progressive laws were passed while he was president led the US during WWI had a stroke while president

Wilson’s New Freedom Lowered tariffs Regulated banks Regulated big Business Estab. Federal Reserve Bank Started income tax Protected workers’ rights Provided disability pay Supported unions

Economic Reforms 16th Amendment (Federal Income Tax) gave government the right to raise tax on income graduated income tax became the norm Federal Reserve Act, 1913 the Fed acts as a safety net so banks don’t go under it decides how much money should exist it sets the interest rate

Progressive Legacy Government regulation of business and the economy is necessary and good

Summary Questions How were the Square Deal and the New Nationalism similar? How were the Square Deal and Wilson’s New Freedom similar? In what ways were they different? Name two laws that Wilson helped pass that reformed banking or business.