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Taft and Wilson As Progressives Chapter 21.2
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Eugene V. Debs – Remember him???? Labor leader Socialist – believed in a system in which the state controls the economy Ran for president 5 times, but never won
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How did Taft continue Roosevelt’s progressive plan? Handpicked by Roosevelt to carry on his progressive policies Pursued antitrust suits Continued work on democratic reform, social reform, and economic reform
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Amendments under Taft: 16 th Amendment gave Congress the power to create the federal income tax 17 th Amendment gave voters the right to elect senators directly.
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What did Woodrow Wilson contribute the progressive movement? 1912 Presidential Election Republican Party Taft Bull Moose Party T. Roosevelt Democratic Party Wilson
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Wilson’s Economic Reforms Clayton Antitrust Act 1914- further prohibited Monopolies and business practices that lessoned competition. Federal Reserve Act Created modern banking system Led by Federal Reserve Board Oversees 12 Federal Reserve Banks Makes sure $ is distributed where needed These Banker’s Banks server Consumer Banks Created more flexible currency system- bank control money supply https://www.youtube.com/watch?v=8Hq5zw4YaZQ
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Wilson’s Failure in Civil Rights Believed in segregation
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