Economic Reforms

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by wehatechildren
Last updated 6 years ago

Discipline:
Social Studies
Subject:
History
Grade:
11

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Economic Reforms

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Economic Reforms

The Hepburn Act was a bill that enhanced the governments right over private railroads.

Federal Trade Commission (FTC)- monitor business practices that might lead to monopoly.

While in office, Roosevelt became a "trust buster" by forcing the great railroad combination in the Northwest to break apart.

Who you gonna call?TRUST BUSTERS!

Who you gonna call?TRUST BUSTERS!

Taft was the president after roosevelt and helped continue to monitor the railroad program after roosevelt had passed on.

In 1911, the government had found out that multiple tobacco companies were violating the sherman antitrust act by beginning to monopolize the tobacco industry and rip off the business

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Clayton Antitrust Act strengthened earlier antitrust laws.

Roosevelt implemented The Square Deal, whose goals were to keep the wealthy and powerful from taking advantage of small business owners and the poor.

Woodrow Wilson believed that government should stay out of the lives of the citizens (New Freedom).

Nationalism- Roosevelt's program to restore the government’s trust busting power.

Freedom- Wilson's plan to provide more opportunities to small businesses through strict government regulation.

The Sixteenth Amendment- Gave congress the power to create a graduated income tax, which required the wealthier to pay more taxes than the poor.

The Federal Reserve Act- Placed banks under the control of a Federal Reserve Board, which was a central authority to supervise banks.

Wilson believed three privileges allowed big bisiness to tower over the economy- the tariffs, the banks, and the trusts. He created these laws in defense.

America continues to fight against monopolies and for the smaller person, economically.


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