Woodrow Wilson
New Freedom
New Freedom
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Wilson's Warning Signs, Sound Familiar?
• New Freedom- Wilsons platform to fight against the Three Privileges
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Tariffs
Banks
Trust
Tariffs & Taxes
• Wilson signed the UNDERWOOD-SIMMONS ACT into
law in 1913, which reduced tariff rates for the first
time since the Civil War.
• But did create an income tax
• Became main source of government revenue
(funds)
• 16th Amendment- legalizes federal income tax
• Graduated tax = the more you make, the more you
are taxed
Federal Reserve
• Gov’t needs to be able to
control money supply
• Takes the control of the money
supply away from banking trust
• Sets up a system of 12 national
banks, that then serve the rest
of the banks
• Still the basis of our banking
system today
Trust Regulation
• Clayton Anti-trust Act 1914
• Strengthens Sherman Anti-trust Act
• One company can’t buy stock from a company if would create a
monopoly
• Labor unions and farm organizations would no longer be subject
to anti-trust laws
Federal Trade Commission FTC
• “watchdog agency” to
investigate and
regulate corporate
practices
• Under Wilson 400
orders against
companies engaged in
illegal activities
Women’s Suffrage
• School House Rock- Suffering
Till Sifferage
• Carrie Chapman Catt- leader
of the modern suffrage
movement
• Some moved to more radical
tactics
• Women's Suffrage: Night of
Terror
• Alice Paul organizes picketing
around the white house which
turned violent
• Women get right to vote in
Aug. 1920 with the 19th
Amendment
Progressive
Results
• Laissez-faire policy fades
• Government now regulates
business more closely
• Social Reforms help many
• African Americans still
ignored
• WWI ends Progressive Era