Section 9-5

Wilson’s New Freedom

Wilson Wins Financial Reforms

• Clayton Antitrust Act- (1914) sought to strengthen the Sherman Antitrust Act of 1890. Prohibited corporations from acquiring the stock of another if doing so would create a monopoly.

• Federal Trade Commission- (FTC) In 1914 this agency was given the power to investigate possible violations of regulatory statutes, to require periodic reports from corporations, and to put an end to a number of unfair business practices.

• Federal Reserve System- was created by the Federal Reserve Act of 1913. It divided the nation into 12 districts and established a regional central bank in each district. These “banker’s banks” then served the other banks within the district. This is one of Wilson’s most enduring achievements, as it still serves as the basis of the nation’s banking system.

Women Win Suffrage

• Carrie Chapman Catt- President of the NAWSA during Wilson’s administration. Brought back the national movement for woman suffrage, and won women the right to vote. • Nineteenth Amendment- (1919) Granted women the right to vote.