Wilson’s “New Freedom” (1913-1921) • Video • Focused on TRUSTS, TARIFFS, AND HIGH FINANCE

TRUSTS

• 1.

CLAYTON-ANTI TRUST ACT

(1914) – Made it harder to form monopolies – Labor unions & farm organizations legal • 2

. FEDERAL TRADE COMMISSION

(FTC) (1914) – “watch dog” agency – Regulated big business

TARIFFS (tax on imported goods) • Lowering tariffs • 16 th amendment (1913) – Legalized federal income tax – Taxing people’s earnings and corporate profits – Today…main source of government revenue

BANKING SYSTEMS

•

FEDERAL RESERVE SYSTEM

(1913) – Nation wide system of banks – Divided nation into 12 districts with a regional bank in each district – Still serves as basis of nation’s banking system – districts

• • Video Video II

Women’s suffrage

Susan B. Anthony & Elizabeth Cady Stanton formed: NWSA in 1869 Carrie Chapman Catt became leader of NWSA (1900-1915)

RATIFICATION OF THE 19 TH AMENDMENT • • Efforts of women gained national support • U.S involvement in WWI

19 th amendment

the right to vote (1919): granted women • Ratified by ¾ vote of the states in 1920