Chapter 15 Section 3 Flashcards
Theodore Roosevelt left the Republican Party and became presidential candidate for the newly formed _____________ party in the election of 1912.
Progressive party
Who rallied behind Taft?
Conservative Republicans
Wilson was what kind of Democrat?
a progressive Democrat
Roosevelt’s program was called?
Square Deal
Wilson’s program was called?
New Freedom
Who won the election of 1912?
Woodrow Wilson
Five weeks after taking office Wilson appeared before congress with his bill to ___________
reduce tariffs
In 1913, Congress passed _____________, and Wilson signed it into law, which reduced the average tariff on imported goods
Underwood Tariff
The Underwood Tariff provided for levying a what?
Income Tax
To restore public confidence in the banking system, Wilson supported the establishment of a __________ system
Federal Reserve
What created 12 regional banks to be supervised by a Board of Governors?
Federal Reserve Act
What was created to monitor American businesses? (FTC)
Federal Trade Commission
the FTC had the power to investigate companies and issue what types of orders against what type of companies?
cease and desist orders, companies engaging in unfair trade practices
Wilson wanted to do what to big business?
break it up
Progressives in Congress passed the what? that broke up big business and trusts?
Clayton Antitrust ACt
