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This chapter explores the presidency of Theodore Roosevelt, focusing on his efforts to break up trusts and regulate big business, as well as his conservation initiatives. It also covers the Panic of 1907 and the subsequent presidency of William Howard Taft, including the split within the Republican Party. The chapter concludes with Woodrow Wilson's presidency and his progressive reforms, as well as his foreign policy approach.
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Chapter 22APUSHMrs. Price Don’t let the best you have done so far be the standard for the rest of your life.” Gustavus Swift
Assistant Sec. of Navy Rough Rider Becomes president after assassination of McKinley Theodore Roosevelt
Roosevelt & Big Business • Believed govt should have power to investigate corps & break up trusts if they were harmful to US economy • Northern Securities CO: railroad monopoly Roosevelt went after • Coal Strike (1902): Roosevelt threatens govt takeover to force federal arbitration
Roosevelt’s Presidency • Square Deal (1904 Campaign) 1. Hepburn Act (1906) 2. Pure Food & Drug Act 3. Meat Inspection Act
Conservation • Roosevelt was concerned about unregulated exploitation of natural resources • Added million of acres to national forest system • Believed in managed development • National Reclamation Act (Newlands Act) 1902
Preservation • Added to National Park system • Hetch Hetchy controversy
Panic of 1907 • Recession • Too much production for markets • Poor financial management
Roosevelt’s successor Elected in 1908 over William Jennings Bryan William Howard Taft
Taft’s Presidency • Payne-Aldrich Tariff - disappointment to Progressives • Ballinger-Pinchot Dispute - angers Progressives & Roosevelt
1912 Election • Candidates: 1. Rep: Taft 2. Dem: Woodrow Wilson 3. Progressive: T. Roosevelt 4. Socialist: Debs • Taft & Roosevelt split vote; Wilson wins
President of Princeton & governor of NJ Firm control over cabinet Created coalition in Congress to support his policies Woodrow Wilson
Wilson’s Presidency • Underwood-Simmons Tariff: lowered tariff • 16th Amendment: Graduated income tax • Federal Reserve Act (1913): reformed banking system • Federal Trade Commission (1914): agency to investigate unfair business practices • Clayton Antitrust Act (1914)
Post-midterm election Reforms • Louis Brandeis to Supreme Court • Workers’ comp for federal employees • Credit for farmers • Keating-Owen Act (1916): regulated child labor
Foreign Policy: Roosevelt • Activist • Civilized vs. Uncivilized nations • Peace Conference in Portsmouth, NH • Venezuelan debt conflict • Roosevelt Corollary • Construction of Panama Canal
Panama Canal TR in Panama(Construction begins in 1904)
Foreign Policy: Taft • Worked to advance US economic interests overseas • Dollar Diplomacy • US intervention in Nicaragua Revolution
Taft’s “Dollar Diplomacy” Improve financialopportunities for American businesses. Use private capital tofurther U. S. interestsoverseas. Therefore, the U.S. should create stability and order abroad that would best promote America’s commercial interests.
Foreign Policy: Wilson • US established military govt in Dominican Republic • Bought Virgin Islands from Denmark • Treaty with Nicaragua giving US right to intervene to protect American interests • Incident with Mexico (Veracruz & Pancho Villa)
The Mexican Revolution: 1910s Emiliano Zapata PanchoVilla Venustiano Carranza Porfirio Diaz Francisco I Madero
Wilson’s “Moral Diplomacy” The U. S. shouldbe the conscienceof the world. Spread democracy. Promote peace. Condemn colonialism.