Monday, April 13, 2015

Wilsonian Progressivism

  • Background on Wilson
    • Wilson's dad was a Presbyterian Minister, so he came from humble background.
    • Went to Davidson and studied law at Princeton University, and eventually became president of the university.
    • One of Wilson's faults was his lack of ability to compromise because he was so smart.
  • The "New Freedom"
    • Wilson was going to attack the triple wall of privilege. There were three ways that Wilson would go about them:
      • Stronger anti-trust laws (unlike Teddy who believed that some trusts could be good)
      • Banking reform: banking was still out of control
      • Tariff reductions: the tariff was still too high.
    • Wilson Tackles the tariff
      • Didn't like the tariff because it hurt everyone, but especially the poor people.
      • Underwood Simmons Tariff Bill in 1913 reduced the tariff dramatically to 20 something %. This act also implemented a graduated income tax.
      • By 1917 revenue from income tax surpassed revenue from tariff.
    • Wilson Battles the Bankers
      • Other peoples' money was the inspiration behind the second attack on banking.
      • Wilson passed the Federal Reserve Act in 1913
        • created a nation wide system of 12 banks, all overseen by the Federal Reserve Board.
        • The Board could increase or decrease the nations money supply through interest rates and the sale of Treasury Notes or "T-bills"
    • Wilson Tames the Trusts and HC
      • The Federal Trade Commission Act was passed (Brandies' Help in Congress) 5 parts to it
        • 1
        • 2
        • 3
        • 4
        • 5
      • The Clayton Antitrust Act of 1914
        • Completes the Sherman Antitrust Act of 1890
        • Prohibited businesses from selling at lower prices to certain favored purchasers if it creates a monopoly
        • "Trying Contracts" (a contract that requires the purchaser to agree not to buy or sell the products of a competitor) are prohibited
        • Interlocking directories illegal in companies worth more than $1 million
        • Prohibits one corporation from acquiring the stock of another if the purchase creates a monopoly
        • labor unions and farm organizations are legal
        • this act limits the use of injunctions to break up violent strikes
        • strikes, boycotts, pickets, and protests are all legal
      • Other Programs
        • Federal Farm Loan Act of 1916: made credit with low interest available to farmers
        • Smith-Lever Act of 1914: Federal money for schools including extension agents
        • Smith-Hughes Act of 1917: Federal money for vocational education for urban and rural kids
        • Keating-Owen At of 1916
        • World War 1 Acts were passed because the US wanted to maximize weapon production
          • Seaman Act of 1915: protected the sailors
          • Adamson Act of 1917: protected the railroad wokers
  • Limits of Wilsonian Progressivism
    • Fought against Women's Suffrage as long as he possibly could
    • Progressivism stopped with the Blacks- the Federal Bureaucracy became more segregated (re-segregated)
    • Lynchings in the South
    • "Birth of the Nation" by DW Griffith was the 1915 Silent Film that glorified the KKK. This movie gave rebirth to the clan.
    • After the Triangle Shirtwaist Factory Fire in NYC, ILGWU membership surged, women's suffrage gained momentum, but less women were hired in the workplace.
  • A note on Wilson's Cabinet
    • Colonel House was an oddity in Wilson's cabinet, since he didn't have a specific job and he actually wasn't a Colonel.
      • He was called Wilson's "One-man kitchen cabinet" by the press.
      • House was an honorary member of the Kentucky state militia, which was why he was called a Colonel.

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