1. Wilsonian Progressivism (1913-1919) Copyright © Houghton Mifflin Company. All rights reserved.

2. Promoted a program of “New Freedom” Promoted a program of “New Freedom” Stronger anti-trust legislation Banking reform Tariff reductions Favored small enterprise and entrepreneurship Promoted markets free of monopolies & regulations Shunned social welfare programs in favor of competition

3. minority president who inherits a Democratic Congress minority president who inherits a Democratic Congress Virginian & Confederate sympathizer who believed in informed masses (similar to Jefferson) Virginian & Confederate sympathizer who believed in informed masses (similar to Jefferson) Raised in a pious Presbyterian family Raised in a pious Presbyterian family Believed the President should be dynamic and often went over the heads of Congress straight to the people Believed the President should be dynamic and often went over the heads of Congress straight to the people A lover of humanity, but cold, unbending, intellectually arrogant, and unlikely to compromise A lover of humanity, but cold, unbending, intellectually arrogant, and unlikely to compromise

4. Assaulted the “triple wall of privilege” Assaulted the “triple wall of privilege” Tariffs, banks, and trusts Tariffs, banks, and trusts Underwood Tariff substantially reduced rates & caused revenue to eventually shift to an income tax Underwood Tariff substantially reduced rates & caused revenue to eventually shift to an income tax Federal Reserve Act (1913) Federal Reserve Act (1913) Created a Federal Reserve Board & 12 regional districts Created a Federal Reserve Board & 12 regional districts Empowered the Board to issue paper money (Federal Reserve Notes) Empowered the Board to issue paper money (Federal Reserve Notes)

5. Federal Trade Commission Act of 1914 Federal Trade Commission Act of 1914 Created Federal Trade Commission (FTC) Created Federal Trade Commission (FTC) Crushed monopolies and fought unlawful competition, false advertising, mislabeling, and bribery Crushed monopolies and fought unlawful competition, false advertising, mislabeling, and bribery Clayton Anti-Trust Act of 1914 Clayton Anti-Trust Act of 1914 Fought price discrimination and interlocking directorates Fought price discrimination and interlocking directorates Exempted labor and agricultural organizations from anti-trust legislation Exempted labor and agricultural organizations from anti-trust legislation Explicitly legalized strikes and peaceful picketing Explicitly legalized strikes and peaceful picketing

6. Federal Farm Loan Act (1916) makes credit available to farmers at low interest Federal Farm Loan Act (1916) makes credit available to farmers at low interest Warehouse Act (1916) authorizes loans on security of crops Warehouse Act (1916) authorizes loans on security of crops Provided for highway extension Provided for highway extension Workmen’s Compensation Act (1916) granted assistance to federal civil-service employees during times of disability Workmen’s Compensation Act (1916) granted assistance to federal civil-service employees during times of disability Adamson Act (1916) establishes 8-hour workday and provides extra pay for overtime Adamson Act (1916) establishes 8-hour workday and provides extra pay for overtime

7. Granted Philippines territorial status (Jones Act, 1916) Granted Philippines territorial status (Jones Act, 1916) Dispatched marines to Haiti to protect U.S. lives & property (1915) Dispatched marines to Haiti to protect U.S. lives & property (1915) Sent marines to quell riots in Dominican Republic (1916) Sent marines to quell riots in Dominican Republic (1916) Allowed arms to flow to “Pancho” Villa in Mexico against Huerta regime (1914) Allowed arms to flow to “Pancho” Villa in Mexico against Huerta regime (1914)