probably finishing blogs today.
Ch. 9.5
-Describe the major accomplishments/issues of Woodrow as President.
- underwood act, lowering tarrifs
- made a graduated federal income tax.
- successfully led the us to victory in world war 1.
-Breaking up trusts
- enforcing acts.
- federal trade commission. they enforce the different acts to end bad trusts.
-Underwood Tariff
- it lowered tariff rates from about 40% to 25%
-16th Amendment
- under the graduated tax the more money you make the higher your tax will be.
- this tax money led to the governmnet to spend on things they had to fix.
-Federal Reserve System
- it was created in 1913, was largely response for finanical panics. respnsibilities has expanded.
- great depression changed the federal reserve system. today, maintanes stability for financial, issues, and to help any.
- this deals with banks. the banks were divided down into 12 districts whihc each district had a central bank.
- then central banks served the other banks under.
- contols interest rates.
-Limits to Progressivism under Wilson
- retreated on civil rights.
- in 1912 he won the naacp's. this was promising to treat blanks equally and to speak out against hanging. Hanging means in order to punish, controll, very mean to poeple.
- wilson still belived in racial segregation in government, military, and in washington D.C.
- when he was compaigning, he promised to treat blacks equally, but after he was elected he made no promises and went back to segregation.
Comments