1. Wilson and Taft
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2. The New Freedom Woodrow Wilson A. Background
1. Calvinist-concern for righteousness
B. Education
1. Princeton
2. PhD Johns Hopkins University
a. Anglophilism
C. Political Theories
1. English Model
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3. Entrance Into Politics
1. President of Princeton
2. Governor of New Jersey
3. Presidential Platform
a. much like TR’s New Nationalism
b. but more emphasis on restoring fair competition and protecting the small businessman, farmer, and worker
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4. The Wilson Administration
1. Made William Jennings Bryan Sec of State
a. Thomas R. Marshall (VP)
2. Strong in dealing with Congress
3. Determined to enact programs of Progressive proposal
4. *REFORM
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5. Wilson’s Reform A. Wilson’s Method
1. Called Congress into special sessions
2. personally addressed Congress
3. reform to restore healthy competition between America and foreign countries
4. Kept the Public Informed
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6. Banking & Currency Reform
B. Underwood-Simmons Tariff of 1913
C. Banking and Currency Reform
D. Federal Reserve Act of 1913
E. Functions of the Federal Reserve System
F. Success
1. Federal Reserve
2. elasticity of money
3. smoothing business cycles
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7. Trust-Regulation A. Federal Trade Commission Act of 1914
B. Clayton Anti-Trust Act of 1914
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8. Other Wilson Regulation
A. Agriculture
1. Federal Farm Loan Act of 1916
a. credit
B. Dollar Matching
1. Smith Silver Act of 1914
a. funds for agricultural extensions
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9. The Wilson Legacy
1.Most comprehensive program since Hamilton-more Hamiltonian than Jeffersonian
2. Founder of 20th Century Liberalism
a. Moralistic Overtones
b. Difference of temperance & Degree from Conservatism
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