Friday, October 14th

[3Marielle]

Started talking about Taft and what he did during is presidency:-He passed the Payne-Aldrich Tariff which reduced tariffs-Used Dollar Diplomacy when dealing with other countries-US would use the military and diplomacy to help promote US business interests overseas-Broke up many trusts including the Standard Oil company in 1911-16th Amendment: the income tax gave the government lots of money-Taft wasn't as liked as Teddy because he wasn't as energetic and he wasn't the greatest motivational speaker. He wasn't as great at using the "Bully Pulpit", and he promised to lower tariffs but he actually raised-He took a lot of the good things that Roosevelt did and was switching and re-arranging it in the way that wasn't best for the country-He tried to run for president again in 1912, but doesn't get it.-Roosevelt started another party called the Progressive Party, aka the "Bull Moose" party, which split the Republicans into the "old-guard" republicans and the progressive republicans-Bull-Moose Platform: Direct Election of Senators, Initiative, Referendum Recall in all of te states, aand Women Suffrage were just some of the things that this party was supporting-Woodrow Wilson: slogan-"The New Freedom", accomplishments: passed the Clayton Anti-Trust Act, which could break up monopolies, Labor Unions were given the right to exist; strikes, boycotts, picketing, etc. became legal (were at one time illegal-Federal Trade Commission was established in 1914, which investigated companies for monopolistic practices--company can't do something without the FTC's approval-Federal Reserve System: banks were closing during panics (depressions), so America needed stronger banks. -The Federal Reserve Act of 1913 was established-Divided the nation into 12 district...a regional back for each district-Federal Reserve Banks could issue new paper money in emergency situations and helped without giving out loans-Banks within the system helped others from closing due to lack of money-17th, 18th, and 19th Amendments were passed during Wilson's term of presidency-The Twilght of Progressivism: Roosevelt, Taft, and the early part of Wilson's presidencies marked the golden age of Progressivism within the US