The Foundations of Modern America pt.2

What is a key change in the Regulatory State's approach to economic affairs?

Changed the way they deal with economic affairs

What problems did the Regulatory State recognize?

Recognized some problems with capitalism and laissez-faire.

Who did the Regulatory State aim to support?

Middle-class Americans

What was the goal of the Regulatory State for middle-class Americans?

To give them a fair opportunity to live.

Square Deal

Economic policy by Roosevelt that favored fair relationships between companies and workers

Explain "policemen on the beat"

A term used to describe when a policeman would ensure the safety of those in the neighborhood. It represents how the Progressives felt that the government should govern the people. Be there for us when we are in trouble, but do not control us.

Wisconsin Plan

Series of progressive measures Governor La Follette championed into law, such as a direct primary law, tax reform, and state regulatory commissions to monitor utilities and businesses. It also gave strength to the ICC.

19th Amendment (1920)

Gave women the right to vote

conservation

Roosevelt issued executive orders to preserve 230 million acres of land.

The Clayton Anti-Trust Act attempted to regulate trusts by

defining what constituted a competition in restraint of trade

16th Amendment (1913)

Authorized the collection of a progressive income tax. "Progressive" means that as you make a higher income, you pay a higher percentage. This tax does not apply to money made on investments or in the stock market. Today, this is the primary source of revenue for the federal government. Helped replace revenue lost after the Underwood-Simmons Tariff of 1913 (passed under Wilson) significantly lowered tariffs.