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Corporate Regulation
progressive era
| Question | Answer |
|---|---|
| issue | 1. big business creating monopolies & gov doesnt care 2. americans begin to see gov corruption |
| what social class were most reformers? | middle class |
| Who was Governor La Follete (Wisconsin)? | 1. advocated for regulation & fought with state gov 2. convinced others to advocate for gov regulation "Wisconsin Idea" 3. educate ppl to voice their opinions, 4. only successful in Wisconsin |
| which state was most progressive? | Wisconsin |
| Federal Trade Commission | overview big businesses |
| Clayton Trust Act | 1. no monopolies 2. fixes Sherman antitrust act 3. act still exists today |
| What company was broken up | Standard Oil Company (rockefeller) |
| What 2 presidents were called trustbusters? | 1. Teddy Roosevelt (most famous) 2. William Taft (most effective) |
| Was corporate regulation effective? | Yes, helped decrease corruption and fraud amongst big business |