wilson and progressivism

Wilson had a m…… from the people to reform government- little o……- d…. progressive policies = new f….

Mandate, opposition, domestic, freedom

Banking reform- federal r… act 191..- first c….. banking system in usa, 12 banking districts created under federal reserve b…, any bank participating had to give money but fed banks could l…. money- meant money supply not dependent on g…

Reserve, central, board,lend, gold

Banking reform- New system allowed them to control i…. And d…. By increasing or decreasing re discount rates to control b…..

Inflation, deflation, borrowing

Anti trust measures- both were passed in 191…

1914

Anti trust measures- Federal t… commission - stop unfair practices in c….., many felt that it was not strong enough but was principle of federal r……..- did … cease and d…. orders for illegal activity

Trade, corporations, regulation,400, desist

Anti trust measures-c…. Anti trust Act- more power to people enforcing the Sherman anti trust act, made price d……. illegal, stopped retailers from handling rivals p…… to stop competition- g… named it manga carter for labour

Clayton, discrimination, products, Gompers

Economic and finance reform- introduced first i… tax, created federal f…. loan act 1916 for low costs for f…….

Income, farm, farmers

Economic and finance reform- U….. tariff 1913- reduced many tariffs on items like food and s…. as produced cheaply in usa so no foreign c……= led to …th amendment= taken as attack on big business

Underwood, steel competition, 16th,

Economic and finance reform- I… tax- replace income lost from reducing t….- originally only paid by the highly paid, r… act 1916= tax rich and r……. wealth- like businesses- received more money on income tax than tariffs

Income, tariffs, revenue, redistribute