T, ROOSEVELT W. TAFT W. WILSON

TRUSTS Northern Securities-sued NS for violating Sherman Antitrust Act-Supreme Court sides against NS

U.S. Steel-sues U.S. Steel for trying to buy out Tennessee Coal and Iron-said it violated Sherman Antitrust Act

Clayton Antitrust Act-banned price discrimination

Federal Trade Commission-monitors big business-issues reports on unfair business practices

LABOR Coal Strike of 1902-miners strike for months-T.R. urges arbitration

Union agrees, owners don’tT.R. threatens to call out Army to

federalize mines

Children’s Bureau-investigated and publicized child labor issues

Keating-Owens Act-prohibits employment of children under 14 in factories

Adamson Act-8hr workday for RR workers

BIG BUSINESS

Bureau of Corporations-investigated corporations-reported on activitiesHepburn Act

Mann-Elkins Act-strengthened regulatory power of ICC

-believed monopolies needed to be destroyed not reformed

SOCIAL WELFARE

Meat Inspection Act-federal inspection and cleanliness standardsPure Food and Drug Act-labels for food

Federal Farm Loan Act-long term, low interest rates to farmers

TARIFFS Payne-Aldrich Tariff-hardly cut tariffs at all-raised tariff on some goods

Underwood Tariff-reduced avg. tariff on imported goods-income tax

http://www.youtube.com/watch?v=F7flSW1PGsA

Progressive Presidents

Panama Canal

The Panama Canal

Roosevelt Corollary

Corollary to the Monroe Doctrine stated that the United States would intervene in Latin American affairs when necessary to maintain stability in the Western Hemisphere.

Ballinger-Pinchot ControversyGifford Pinchot-head of forestry divisionFired by Taft for insubordinationExposed to public Sec. of Interior Ballinger’s plan to

sell public Alaskan land to private interests

Taft Extras

2 Dollar Diplomacy

Federal Reserve ActRequired banks to keep portion of deposits in regional reserve banks

Board of Governors (appt. by Pres)Set interest rates the reserve banks could charge other banks

Helps regulate economy through money circulation

Wilson Extras

Dust up in MexicoPancho Villa RaidsJohn J. Pershing and

the Punitive Expedition

Moral Diplomacy