Wilson’s “New Freedom”
(1913-1921)
• Video
• Focused on TRUSTS, TARIFFS, AND HIGH
FINANCE
TRUSTS
• 1. CLAYTON-ANTI TRUST ACT (1914)
– Made it harder to form monopolies
– Labor unions & farm organizations legal
• 2. FEDERAL TRADE COMMISSION (FTC)
(1914)
– “watch dog” agency
– Regulated big business
TARIFFS
(tax on imported goods)
• Lowering tariffs
• 16th amendment (1913)
– Legalized federal income tax
– Taxing people’s earnings and corporate
profits
– Today…main source of government
revenue
BANKING SYSTEMS
• FEDERAL RESERVE SYSTEM (1913)
– Nation wide system of banks
– Divided nation into 12 districts with a
regional bank in each district
– Still serves as basis of nation’s banking
system
– districts
Women’s suffrage
• Video
• Video II
Susan B. Anthony & Elizabeth Cady
Stanton formed: NWSA in 1869
Carrie Chapman Catt
became leader of NWSA (1900-1915)
RATIFICATION OF THE 19TH
AMENDMENT
• Efforts of women gained national
support
• U.S involvement in WWI
• 19th amendment (1919): granted women
the right to vote
• Ratified by ¾ vote of the states in 1920