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Industrialization and Progressivism CSS 11.1, 11.2, 11.3. 11.5, 11.6
Unit 2—Chapters 3 – 4 Industrialization and Progressivism CSS 11.1, 11.2, , 11.6
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Woodrow Wilson Wednesday, 10/15
Turn in your homework Take your seat Take out your Notebook Precious Time Precious Time: Work on anything you need to in your notebook.
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Today’s Agenda Precious Time FN: “Progressive Women” Homework:
Finish your study guide
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President Wilson EQ: What steps did Wilson take to increase the government’s role in the economy?
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Election of 1912
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Woodrow Wilson (1913 – 1921) idealistic “New Freedom” program promised to lower taxes, control the banks and the trusts much of the progressive laws were passed while he was president led the US during WWI had a stroke while president
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Wilson’s New Freedom Lowered tariffs Regulated banks
Regulated big Business Estab. Federal Reserve Bank Started income tax Protected workers’ rights Provided disability pay Supported unions
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Economic Reforms 16th Amendment (Federal Income Tax)
gave government the right to raise tax on income graduated income tax became the norm Federal Reserve Act, 1913 the Fed acts as a safety net so banks don’t go under it decides how much money should exist it sets the interest rate
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Progressive Legacy Government regulation of business and the economy is necessary and good
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Summary Questions How were the Square Deal and the New Nationalism similar? How were the Square Deal and Wilson’s New Freedom similar? In what ways were they different? Name two laws that Wilson helped pass that reformed banking or business.
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