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ch9

wilson, taft, federal trade& reserve, antitrust act

QuestionAnswer
Federal Trade Commission Put and end to unfair buisness practices. Requires buisnesses to have reports.
Federal Reserve System " A bank for banks" US needed a way to quikly adjust the amnt of $ in circulation and support private banks. Private banking system under federal control. Nation divided into 12 districks where these central banks could only issue $ in an emergency.
Clayton Antitrust Act The purpose of this act is to strengthen the Sherman Antitrust act. Prohibited acquiring stock of other corporatioin, if doing so would create a monopoly. Samuel Gompers called it the Magna Carta for labor.
WIlliam H Taft. Secretary of war picked by Roosevelt to run in the election. He won the presidency. He didnt enjoy being president. He angered conservationists by hiring Ballinger. Tafts support split.
Woodrow Wilson From the south. Lawyer professor, president of princeton University, governor of New Jersey. Wilsons plan of Attack: 1. Trusts 2.Tariffs 3.High Finance (New Freedom)
progressivism aimed to restore econimic opp. & correct injustices in american life
Created by: historyp3
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