“ I stand for the square deal. But when I say that I am for the square deal, I mean not merely that I stand for fair play under the present rules of the game, but that I stand for having those rules changed so as to work for a more substantial equality of opportunity and of reward for equally good service.”
“ I do not mean that I want a square deal for the man who remains poor because he has not got the energy to work for himself.”
TR now proposed a New Nationalism of dynamic democracy that would recognize the inevitability of economic concentration; to counter the power of the giant corporations, Roosevelt proposed bringing them under complete federal control, so as to protect the interests of the laboring man and the consumer.
Underwood Tariff-First lowering of Tariffs since the civil war- Free trade benefits the people not businesses
Federal Trade Act- Set up FTC or Federal Trade Commission to investigate and halt unfair and illegal business practices. The FTC could put a halt to these illegal business practices by issuing what is known as a "cease and desist order.“
Declared certain businesses illegal (interlocking directorates, trusts, horizontal mergers)
Unions and the Grange were not subject to antitrust laws. This made unions legal! Strikes, boycotts, picketing and the collection of strike benefit funds ruled legal
Federal Reserve System-
Federal Reserve Banks in 12 districts would print and coin money as well as set interest rates. In this way the "Fed," as it was called, could control the money supply and effect the value of currency
Federal Farm Loan Act set up Farm Loan Banks to support farmers.
the challenges faced by minorities during this period.
George Washington Carver – African American who discovered hundreds of uses for the peanut (including cosmetics—lipstick). In his traveling classroom, he taught Alabama farmers about crop rotation.
Booker T. Washington – founder of Tuskegee Institute and whose autobiography Up From Slavery inspired thousands. -with his sons
Booker T. Washington and W.E.B. Du Bois agreed that African Americans needed “thrift, patience, and industrial training.” They disagreed about segregation—Washington accepted it and Du Bois rejected it. Tuskegee students building their own classrooms
in 1903 when DuBois published his now famous book, The Souls of Black Folks . The chapter entitled "Of Booker T. Washington and Others" contains an analytical discourse on the general philosophy of Washington. DuBois edited the chapter himself to keep the most controversial and bitter remarks out of it. Nevertheless, it still was more than enough to incur Washington's continued contempt for him.