1. The Progressives
Economic Reform

2. Trust busting Good vs. Bad Trust busting under TR Elkins Act-1903
Rebates on RR became illegal
Hepburn Act-1906
No more free passes
ICC strengthened to include regulation of more companies
Trust Busting under Taft
Trust Busting under Wilson
Clayton Anti Trust Act—1914
Federal Trade Commission—1914

3. Applying the Square Deal to Labor
Anthracite Coal Miner Strike of 1902
Creation of a new cabinet position:
Department of Commerce and Labor (created in 1903)
Split in 1913

4. Tariff/Tax Reform
Tariffs—part of Wilson’s “triple wall of privilege” (tariffs, banks, trusts)
Underwood Tariff—1913
Decreased dramatically
16th Amendment

5. Banking Reform Federal Reserve Act of 1913
Created the Federal Reserve System
Empowered to issue Federal Reserve Notes

6. The Fed