Woodrow Wilson and The New Freedom

Bull Moose Party

nickname for the new Progressive Party, which was formed to support Roosevelt in the election of 1912

Woodrow Wilson

Progressive President of the United States who created the New Freedom

16th Amendment

Allows the federal government to collect income tax

Clayton Antitrust Act (1914)

Strengthened the Sherman Antitrust Act by spelling out specific activities businesses could not do

Underwood Tariff

Pushed through Congress by Woodrow Wilson, this 1913 tariff reduced average tariff duties by almost 15%

Federal Trade Commission (FTC)

a federal agency established in 1914 to investigate and stop unfair business practices

Federal Reserve System

The country's central banking system, which is responsible for the nation's monetary policy by regulating the supply of money and interest rates

New Freedom

Democrat Woodrow Wilson's political slogan in the presidential campaign of 1912

Triple Wall of Privilege

The banks, trusts, and tariffs that Wilson pledged to topple were collectively known as this

New Jersey

Wilson was the governor of this state