The Progressives Economic Reform.

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The Progressives Economic Reform

Trust busting Good vs. Bad Trust busting under TR Elkins Act-1903 Rebates on RR became illegal Hepburn Act-1906 No more free passes ICC strengthened to include regulation of more companies Trust Busting under Taft Trust Busting under Wilson Clayton Anti Trust Act—1914 Federal Trade Commission—1914

Applying the Square Deal to Labor Anthracite Coal Miner Strike of 1902 Creation of a new cabinet position: Department of Commerce and Labor (created in 1903) Split in 1913

Tariff/Tax Reform Tariffs—part of Wilson’s “triple wall of privilege” (tariffs, banks, trusts) Underwood Tariff—1913 Decreased dramatically 16th Amendment

Banking Reform Federal Reserve Act of 1913 Created the Federal Reserve System Empowered to issue Federal Reserve Notes

The Fed

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