Topic: Why was the 1912 Election a Turning Point for Progressivism? TR “Passes the Torch” 1904: TR wins re-election, vows no 3rd 1907: “Roosevelt Panic” – Brief economic downturn – Start of regulating of banks TR picks William Taft to be successor of “my policies” 1908: Taft defeats WJ Bryan Taft vows to follow TR reforms Two Views Taft’s Presidency (1909-1913) Taft’s weaknesses Taft regulates trusts at first but… Dollar Diplomacy – China – Intervention in Honduras (protect US investments) “Old Guard” Republicans – Taft wants status quo – Slow on Progressive reforms Payne-Aldrich Tariff – Protectionist again – Progressives angry TR angry, swears to take nomination back in 1912 – Supported by “Insurgent Republicans” (Pro-reformers) The Bull Moose Party Election of 1912 1912 RN Convention – Taft re-nominated TR creates the Bull Moose (Progressive) Party – “New Nationalism” Platform – Progressive programs and greater gov’t regulation Woodrow Wilson (D) – New Freedom Platform – Break up Corporations and restore competition – Other Progressive reforms Eugene Debs (Socialist) 4 way election Bull Moose takes votes away from Republicans Democrats win the election Wilson in But…Progressivism is the winner? Conclusion Think and write down a brief answer to this question: “Why was the election of 1912 a ‘victory’ for the Progressive movement”? Then, turn to a neighbor and exchange answers. Do you both agree?