Chapter 30 Wilsonian Progressivism at Home and Abroad, 1912 - 1916 The "Bull Moose" Campaign of 1912 • Election of 1912 – The Democrats chose Woodrow Wilson as their presidential candidate • The Democrats called for stronger antitrust laws, banking reform, and tariff reductions – Theodore Roosevelt ran as a 3rd party candidate • Roosevelt favored a more active government role in economic and social affairs – Roosevelt's New Nationalism • Campaigned for stronger control of trusts, woman suffrage, and programs of social welfare – Wilson's New Freedom • Favored small enterprise, entrepreneurship, and the free functioning of unregulated and unmonopolized markets Woodrow Wilson: A Minority President • Taft and Roosevelt split the Republican votes – Woodrow Wilson wins the presidency Wilson Tackles the Tariff • President Wilson called for an all-out war on "the triple wall of privilege“ – The tariff – The banks – The trusts • 1913 – the Underwood Tariff Bill – The 16th Amendment Wilson Battles the Bankers • 1913 – President Wilson reforms the banking system – Federal Reserve Act • Federal Reserve Board • Oversaw a nationwide system of 12 regional Federal Reserve banks • The board was empowered to issue paper money The President Tames the Trusts • 1914 – Congress passed the Federal Trade Commission Act – Presidentially-appointed commission to oversee industries engaged in interstate commerce • 1914 – the Clayton Antitrust Act – Sought to exempt labor and agricultural organizations from antitrust prosecution, while legalizing strikes and peaceful picketing Wilsonian Progressivism at High Tide – 1916 – the Federal Farm Loan Act • Low interest loans for farmers – 1916 – the Warehouse Act • Authorized loans on the security of staple crops – 1915 – the La Follette Seamen's Act • Required decent treatment and a living wage on American ships – 1916 – the Workingmen's Compensation Act • Assistance to federal civil-service employees during periods of disability New Directions in Foreign Policy • President Wilson – the anti-imperialist – 1914 – Congress repealed the Panama Canal Tolls Act of 1912 – 1916 – the Jones Act • Granted the Philippines territorial status and promised independence • 1915 – Wilson dispatched marines to Haiti – 1916 – signed a treaty with Haiti providing for U.S. supervision of finances and the police Moralistic Diplomacy in Mexico – 1913 – General Victoriano Huerta takes over the government • Millions of Mexican immigrants came to America – President Wilson refused to intervene in Mexico • Wilson ordered the navy to seize Vera Cruz – Venustiano Carranza becomes president of Mexico • Francisco Villa raids Columbus, New Mexico • Wilson ordered General John J. Pershing to find Villa Thunder Across the Sea • 1914 – World War I begins with the murder of the Austria-Hungarian heir • Alliance System – Central Powers • Consisted of Germany, Austria-Hungary, Ottoman Empire, and Bulgaria – The Allies • Consisted of France, Britain, Russia, Japan, and Italy A Precarious Neutrality • 1914 – President Wilson issued the neutrality proclamation – Most Americans were anti-Germany from the outset of the war – Majority of Americans were against war America Earns Blood Money • American industry prospered off trade with the Allies • Germany was free to trade with the U.S. – British blockade of Germany • 1915 – a Germany submarine sunk the Lusitania – Killing 128 Americans Wilson Wins the Reelection in 1916 • Election of 1916 – The Progressive Party nominated Theodore Roosevelt for president – The Republicans chose Supreme Court justice Charles Evans Hughes – The Democrats chose Wilson and ran an anti-war campaign