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 Attacked “triple wall of privilege” that blocked small businesses from being free  trusts, banks, tariffs  “New Freedom” plan to control corporations.

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Presentation on theme: " Attacked “triple wall of privilege” that blocked small businesses from being free  trusts, banks, tariffs  “New Freedom” plan to control corporations."— Presentation transcript:

1  Attacked “triple wall of privilege” that blocked small businesses from being free  trusts, banks, tariffs  “New Freedom” plan to control corporations

2  Underwood Tariff Act (1913): cut tariffs (if US companies’ prices too high, easier to buy foreign goods)  Federal Reserve Act (1913): Fed regulates economy (adjusts interest rates, etc.)  Clayton Anti-Trust Act (1914): limited businesses’ activities, protected workers’ right to strike  Federal Trade Commission (FTC; 1914): monitors unfair business practices

3  16 th : graduated income tax – 1913  17 th : direct election of senators – 1913  18 th : outlawed alcohol {Prohibition} – 1919  19 th : women’s right to vote {suffrage} – 1920

4  Increased influence of voters  Regulated big business  Protected environment  Assumed responsibility for welfare of workers/ consumers  Monitor economy  Many problems still today??  WWI distracted Americans – ends Progressive Era


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