1. Chapter 17-5 Wilson’s New Freedom

2. Wilson Wins Financial Reforms Southern background (Racial prejudice) Clayton Antitrust –Strengthen Sherman Antitrust –Labor unions right to exist –Legalized strikes Federal Trade Commission (FTC) –Cease illegal activities of companies

3. More Economic Reforms Federal Income Tax Replace tariff income 16 th amendment Larger incomes taxed higher than smaller (Graduated) Today main source of revenue Federal Reserve System Adjust amount of money in circulation 12 banking districts Save banks from closing System still serves as basis for banking system

4. Limits of Progressivism Disappointed many Northern white and black supporters Wilson won support by saying he’d be tough on civil rights (lynching) Argued against antilynching laws Appointed many Southern officials Extended segregation Believed in “Separate but Equal” The progressive era ends as WWI begins