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Published byMagdalene Hunter Modified over 8 years ago
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Chapter Four Section Five
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A. Woodrow Wilson 1.Intellectual 2.Idealist 3.Reformer 4.Knew Congress 5.New Freedom
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B. Taxes 1.Reduce protective tariffs (import taxes) 2.Income tax for government revenue-made possible by 16 th Amendment
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C. Federal Reserve System 1.Banker’s Banks 2.Federal Reserve Board 3.Regional Banks 4.Sets the Prime Rate 5.Regulates money flow
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D. Anti-trust Action 1.Federal Trade Commission (FTC) 2.Clayton Antitrust Act a.Spelled out illegal trusts b.Legalized labor unions
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E. Progressivism’s Impact 1.Political reforms expanded the power of voters 2.Economic reforms regulated corporations/banks in public interest 3.Consumer protections 4.Government Management of natural resources
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