9.5 Woodrow Wilson’s New Freedom

Wilson’s Financial Reform Clayton Antitrust Act made two big changes: – Monopolies (not just trusts) were now illegal – Workers’ unions would not be attacked as “trusts” Federal Trade Commission (FTC) was created to keep an eye on shady business practices He also pushed Congress to lower tariffs – 16 th Amendment’s progressive income tax would make up for the lost tariff revenue for the govt.

Wilson’s Financial Reforms He also pushed Congress to lower tariffs – 16 th Amendment’s progressive income tax would make up for the lost tariff revenue for the govt.

Wilson’s Financial Reforms The Federal Reserve System, created in 1913, was a central bank system that would loan money to other banks – The “Fed” can control the money supply in circulation

Woman’s Suffrage Renewed Under Carrie Chapman Catt, the NAWSA renewed the fight for woman’s suffrage – From the govt. was focused on WWI, but women continued to organize and argue for the right to vote The 19 th Amendment was finally ratified in (easy to remember, right?)

Progressivism Fades Away Wilson’s Southern background led to have a very weak view of black rights – NAACP leaders felt he had betrayed black voters who had supported Wilson’s election.