Taft Becomes President
- he becomes president in 1904 but he never wanted to be president
- his legal victories, such as busting 90 trusts in a four- year term
-he passed the Payne Bill, which was supposed to lower the rates on imported goods, the Senate proposed a different bill called the Payne -Aldrich Bill, lowering certain tarrif on goods entering the United States.
Impact on the Bill
- The Bill angered Progressives, who were beginning to stop supporting President Taft
-The debate over the tariff split the Republican Party into Progressives and Old Guards and led the split party to lose the 1910 congressional election.
-Because of the split in the Republican party, Democratic candidate Woodrow Wilson
Payne-Aldrich Bill source: http://en.wikipedia.org/wiki/Payne%E2%80%93Aldrich_Tariff_Act
The Progressive Party became known as the Bull Moose Party
Land Disputes
-Richard A. Ballinger, he removed 1 million acres of forest and mining lands from the reserved list and returned it back to the public
-The Department of the Interior offical was fired for protesting Billanger actions. he published an article in Collier's Weekly about him. Pinchot added an input
-President Taft went with Ballinger and Pinchot was fired
Section 5
On March 4, 1913 National American Woman Suffrage Association - (Alice Paul and Lucy Burns) marched in the streets of Washington DC
Woodrow Accomplishments:
-made the national banking system
Federal Reserve System
-decentralized private banking system under federal control
-The Federal Reserve Act of 1913- divided the nation into 12 districts and established a regional central bank in each district
-federal banks could transfer funds to member banks in trouble, saving the banks and protecting customers saving
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