The Progressive Era 1890 Flashcards
1
Q
Pol
A
Gov refused involve federal gov in priva sector
Concept : laissez-faire
2
Q
Late 19’s :
A
Political leader : Roosevelt favored government regulation of business practices to ensure : competition and free enterprise
3
Q
1887 : law : INTERSTATE COMMERCE ACT
A
Regulated railways and fixed prices
Regulatory agencies still exists today:
- interstate commission
- food and drugs administration
- federal trade commission
4
Q
1912 : president Wilson
A
16th amendment 1913 :
- income tax for the first time
- federal reserve = FED : national bank of the US