18.3
Taft
1.
Picked by
2. he favored Dollar diplomacy which is Influencing foreign affairs
through the investment of American dollars in foreign countries
3. T.R.
said Taft had abandoned the Progressives
Election of 1912
1. T.R.
in the running as the candidate for the Bull moose party New nationalism
2. With
the Republicans split
the Democrats gain the Presidency under Woodrow Wilson
-W.W. had both studied Deeply & written intelligently about the American System of government.
-he initiated the
reforms Direct primary –state regulated utilities & legislation to
drive monopolies out of the
1. first term he achieves the climax of progressives with
3 of 4 “progressive amendments” to the constitution during his time in office.
2.
Revenue Revision the act nonetheless marked a change in American taxing
practices
-it is a graduated tax
- revision of the taxing system with the banking system
3.
Federal Reserve Act created a better banking system (now regulates
currency & banking)practices?
-divided the nation into twelve banking districts,
-the federal reserve bank watched
over and organized the districts and was government run.
-Compromise description totally private
banking (businessmen) and totally state (Progressives) controlled
federal reserve board represents ultimate government control
4. Business and Labor (Clayton
Anti-trust act)
-legalized practices
of unions –strikes, pickets, and boycotts which became the "magna carta"
of labor.
- Federal Trade Commission Act establishes the Federal Trade
Commission
-the FTC is A
board of 5 men authorized to help define and halt any unfair business practices
-this is the growing nature of the Government
regulation of business practices.