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Progressive Politicians

Progressive Politicians. Wilson’s “New Freedom”. Wilson’s Reforms. First Progressive Act in Office: Created the secretary of labor as a cabinet position First priority as president = lower tariffs Tariff – tax on imports or exports

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Progressive Politicians

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  1. Progressive Politicians Wilson’s “New Freedom”

  2. Wilson’s Reforms • First Progressive Act in Office: • Created the secretary of labor as a cabinet position • First priority as president = lower tariffs • Tariff – tax on imports or exports • Wilson went in person to Congress to ask them to lower tariffs – very uncommon • Underwood Tariff of 1913 • Included a graduated income tax

  3. Banking Reforms • No central fund for banks to borrow • When a bank failed – people lost all $ • Conservatives: • Wanted more control of nation’s private banks • Progressives: • Wanted the government to run the banking system

  4. Federal Act of 1913 • Combined the progressive and conservative view on banking • Created a three-tier banking system for the nation • Tier 1 – Federal Reserve Board • Tier 2 – Federal Reserve Banks • Tier 3 – Private Banks

  5. Big Business Reform • Wilson’s main goal - limit the power of monopolies over small businesses • What Act did Wilson get approved to limit big business??

  6. Clayton Antitrust Act-(1914) • Clarified and extended the Sherman Antitrust Act • Ex: companies cannot sell goods below cost to drive out competitors

  7. Federal Trade Commission • Authorized to investigate corporations • Could issue cease and desist • Monopolies • Mislabeled products • Trying to help the American consumer and small business

  8. Labor Reform • Federal Farm Loan Act (1916) • set up 12 federal farm-loan banks • Adamson Act • Reduced railroad workers’ workday from 10 to 8 hours

  9. Federal Workmen’s Compensation Act • Provided benefits to federal workers injured on the job • Also allowed laborers to strike

  10. Keating-Owen Child Labor Act • Outlawed the interstate sale of products produced by child labor • Declared unconstitutional by the Supreme Court • Child labor still needed to be dealt with

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