ch. 29 Flashcards
Underwood Tariff
This tariff provided for a substantial reduction of rates and enacted an unprecedented, graduated federal income tax. By 1917, revenue from the income tax surpassed receipts from the tariff, a gap that has since been vastly widened.
Federal Reserve Act
An act establishing twelve regional Federal Reserve Banks and a Federal Reserve Board, appointed by the president, to regulate banking and create stability on a national scale in the volatile banking sector. The law carried the nation through the financial crises of the First World War of 1914–1918.
Federal Trade Commission Act
A banner accomplishment of Woodrow Wilson’s administration, this law empowered a standing, presidentially appointed commission to investigate illegal business practices in interstate commerce like unlawful competition, false advertising, and mislabeling of goods.
Clayton Anti-Trust Act
Law extending the anti-trust protections of the Sherman Anti-Trust Act and exempting labor unions and agricultural organizations from antimonopoly constraints. The act conferred long-overdue benefits on labor.
holding companies
Companies that own part or all of other companies’ stock in order to extend monopoly control. Often, a holding company does not produce goods or services of its own but only exists to control other companies. The Clayton Anti-Trust Act of 1914 sought to clamp down on these companies when they obstructed competition.
Workingmen’s Compensation Act
Passed under Woodrow Wilson, this law granted assistance to federal civil-service employees during periods of disability. It was a precursor to labor-friendly legislation passed during the New Deal.
Adamson Act
This law established an eight-hour day for all employees on trains involved in interstate commerce, with extra pay for overtime. The first federal law regulating the hours of workers in private companies, it was upheld by the Supreme Court in Wilson v. New (1917).
Jones Act
Law according territorial status to the Philippines and promising independence as soon as a “stable government” could be established. The United States did not grant the Philippines independence until July 4, 1946.
Tampico Incident
An arrest of American sailors by the Mexican government that spurred Woodrow Wilson to dispatch the American navy to seize the port of Veracruz in April 1914. Although war was avoided, tensions grew between the United States and Mexico.
Central Powers
Germany and Austria-Hungary, later joined by Turkey and Bulgaria, made up this alliance against the Allies in World War I.
Allies
Great Britain, Russia, and France, later joined by Italy, Japan, and the United States, formed this alliance against the Central Powers in World War I.
U-boats
German submarines, named for the German Unterseeboot, or “undersea boat,” proved deadly for Allied ships in the war zone. U-boat attacks played an important role in drawing the United States into the First World War.
Lusitania
British passenger liner that sank after it was torpedoed by Germany on May 7, 1915. It ended the lives of 1198 people, including 128 Americans, and pushed the United States closer to war.
Zimmermann note
German foreign secretary Arthur Zimmerman had secretly proposed a German-Mexican alliance against the United States. When the note was intercepted and published in March 1917, it caused an uproar that made some Americans more willing to enter the war.
Fourteen Points
Woodrow Wilson’s proposal to ensure peace after World War I, calling for an end to secret treaties, widespread arms reduction, national self-determination, and a new league of nations.
Committee on Public Information
A government office during World War I known popularly as the Creel Committee for its chairman George Creel, it was dedicated to winning everyday Americans’ support for the war effort. It regularly distributed prowar propaganda and sent out an army of “four-minute men” to rally crowds and deliver “patriotic pep.”