2. Financial Reforms Wanted to enact program “New Freedom” to attack the triple wall of privilege Trusts, tariffs, and high finance Clayton Antitrust Act 1914- prohibited corporations from acquiring the stock of another if doing so would create a monopoly Also gave labor unions the right to exist and strike Federal Trade Commission Act 1914- set up Federal trade Commission (FTC) Had the power to investigate possible violations of regulatory statues and require reports from corporations
3. New Tax System Cut tariff rates by bullying Senate- told people to monitor their senator’s votes 16th amendment legalized a graduated federal income tax- larger incomes were taxed more than smaller incomes Federal Reserve act 1913 split the nation into 12 districts and established a regional central bank in each district Became part of the Federal Reserve System
4. Women’s Suffrage More college educated women gave movement new strength Organizations began using door-to-door campaigns and speaking in public and trolley tours Carrie Chapman Catt- president of NAWSA- had 5 tactics Painstaking organization; close ties between local, state and national workers; establishing a wide base of support; cautious lobbying; and gracious, ladylike behavior 19th amendment- granted women the right to vote
5. Limits of Progressivism Had promised NAACP members equality for African Americans Believed lynching was under state jurisdiction His cabinet members extended segregation Made African American’s feel betrayed
