APUSH 1_27 Trustbusting

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Complete theDo Now,labeling orstudying the

geographicfeatures map,then set upyour notes

1/27/2016Economic Reforms (1901 - 1918)

Vocabulary:

New FreedomWilsons economic policy ofbreaking monopolies and encouraging competitionBull Moose PartyRoosevelts short-lived

progressive party, election of 1912

Notes

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Announcements

Map Quiz

T-Shirt Designs!

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Roosevelt: Trustbuster

Roosevelt usedSherman Antitrust Act(1890) to break up

Northern SecuritiesCompanysupportedby courts

After first symbolic

victory, pursued fewother trusts

Regulated industry

further (Elkins Act,He burn Act

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Taft: Trustbusterer?

Taft picked by Roosevelt as hissuccessor in election of 1908

Progressive Republicanspromised to lower tariffs butconservative Republicanspassed Payne-Aldrich Tariff,which raised rates

Taft broke up more trusts thanRoosevelt (including StandardOil)

16thAmendment (1913)

Graduated income tax

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Election of 1912

Roosevelt and other Progressives refuse to backTaft

Roosevelt founds Progressive Party, with

support of middle-class reformers, some African-Americans

Woodrow Wilson ran as Democratic (had been aprogressive governor of New Jersey for 2 years)

Eugene V. Debs (Socialist)almost 1 millionvotes

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Election of 1912

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Wilsons Economic Reforms

Reduced tariff: Underwood-Simmons Tariff (1913), includedincome tax on incomes above

$4,000 1913: creation of Federal Reserve

(national bank)

Trustbuster: broke up AT&T, USSteel, & others (all owned by JPMorgan)

1914: Clayton Anti-trust Actfurther

defined unfair trade practices

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Check for Understanding

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Document Analysis

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