PROGRESSIVE ERA 1870-1920

Economic

THE CAUSES Monopolies in markets . There was little or no competition .

Decrease in economy of 10%.

FTC- Federal trade commission. Congress and Wilson strived to

enforce Clayton and set up trade laws.

THE GOALS Eliminate corporate trust who choked off

. healthy competition among business. Introduced real competition to market place. Destroy monopolies economic trust. Open new economic market.

REFORM Promoted trade by reducing tariff on foreign

goods. The sixteen amendment allowed congress to

impose income tax on citizen. The new government backed law that

banned child labor and provided worker’s compensation.

WOODROW WILSON - A dedicated reformer - founder of progressive movement called "new

freedom" - His policies as a president changed the economic

shape of the country. - worked delicately as a president of the nation.

PROGRESSIVE ERA ECONOMIC

16TH AMENDMENT - gave congress the authority to levy and

collect income taxes.    it stated incomes may be taxed " from

whatever source" but later it was ratified as a graduated income tax.

- To makeup for the loss of govt. revenue. - To help pay for war. - A way to collect funds for government use.

16 AMENDMENTS

FEDERAL RESERVE SYSTEM - founded by Wilson and congress due to

collapse of economy in 1893. - it divided country in 12 districts and each

with federal reserve bank. - formed to ease frequent panic that

destabilize the economy. - to promote competition in the business

industry.

PICTURE CITATIONS

 "President Woodrow Wilson is cheered by an enthusiastic crowd as he passes through the streets of San..." World War I Reference Library. Ed. Sara Pendergast, Christine Slovey, and Tom Pendergast. Vol. 1: Almanac. Detroit: UXL, 2002. U.S. History in Context. Web. 6 Oct. 2014.

Woodrow Wilson became the nations twenty-eighth president in 1913, promising national reforms that..." UXL Encyclopedia of U.S. History. Sonia Benson, Daniel E. Brannen, Jr., and Rebecca Valentine. Vol. 8. Detroit: UXL, 2009. U.S. History in Context. Web. 6 Oct. 2014

Cover illustration from Puck magazine, May 15, 1895. As the Constitution only allowed for direct..." Encyclopedia of the Supreme Court of the United States. Ed. David S. Tanenhaus. Vol. 4. Detroit: Macmillan Reference USA, 2008. U.S. History in Context. Web. 6 Oct. 2014

http://www.devinellsworth.com/webpage1.htm http://mercerjaylynnj3.weebly.com/amendments-15-27.html  Chart for The Federal Reserve System." Gale Encyclopedia of U.S. Economic History. Ed.

Thomas Carson and Mary Bonk. Detroit: Gale, 1999. U.S. History in Context. Web. 6 Oct. 2014.

http://www.wakeupsuckers.com/Home/tabid/77/EntryId/65/Do-You-Know-What-the-Federal-Reserve-Is-and-How-it-Can-Affect-You.aspx

WORK CITATIONS  Wilson, Woodrow. "Excerpt from The New Freedom." World War I and the Jazz

Age. Woodbridge, CT: Primary Source Media, 1999. American Journey. U.S. History in Context. Web. 6 Oct. 2014.

The 1910s: Business and the Economy: Overview." American Decades. Ed. Judith S. Baughman, et al. Vol. 2: 1910-1919. Detroit: Gale, 2001.U.S. History in Context. Web. 3 Oct. 2014

 Sixteenth Amendment." Gale Encyclopedia of U.S. Economic History. Ed. Thomas Carson and Mary Bonk. Detroit: Gale, 1999. U.S. History in Context. Web. 5 Oct. 2014.

Mulder, John M. "Wilson, Woodrow." World Book Student. World BOOK , 2014. Web. 3 Oct. 2014.