History Study Jank

Front 1

Progressive Movement

Back 1

Gov Cont. of biz in public interest

Front 2

Theo Rosevelt

Back 2

VP under Mickinly, mckinley dies theo gets prez

Front 3

Platform for prez

Back 3

Square Deal for all americans

Front 4

Square Deal

Back 4

-enforce laws already passed
- stop looking other way (sherman anti trust, ICA)
-Nickname "Trustbuster"
-1903 est dept of comm & labor
-Pass of Expedition act, gives precedent to crt. cases w/ sherman, ica

Front 5

Northern Securities Corp (Controlled RR. Comp)

Back 5

-run by JP
-1904 corp dissolved

Front 6

Standard Oil (By Rockefella)

Back 6

h/e not the most effective break up because its easier to break something before it even starts
(pass laws to prevent trusts from forming)

Front 7

Coal strike of 1902- change of the tide

Back 7

May 1902- 150000 miners walk off
-represented by umW (United Mine Workers)
-prez Mitchell -offered negotiation
-coal price rose
-white house threat to send troops to take over factory
-publ for the workers
-jp morgan aid says lets them go.

Front 8

Hepburn act

Back 8

Strict control of RR indus
-abolished free pass for politicians
-inc jurisdiction of the icc

Front 9

Pure food and Drug Act

Back 9

Called for fed inspection of mean
-upton sinclair the jungle

Front 10

William Howard Taft as prez

Back 10

Teddy gets him elected
calls congress in session to lower the tarriff

Front 11

fall of taft

Back 11

-passing of Payne Aldrick tarriff
-didn't really lower taxes
-destroys him politically

Front 12

Man Elking Act

Back 12

Further extended power of ICC

Front 13

2 New Amendments

Back 13

16- income tax
17- direct pop vote for senate

Front 14

Election of 1912

Back 14

Rosevelt vs Taft vs Wilson

Front 15

Old Roosevelt

Back 15

-grew negative
-thought big biz would never do the right thing
-New Nationalism, new regulations, more gov

Front 16

What parties?

Back 16

Taft- Repub
Roosevelt- bull moose (prog rep)
Wilson- democratic

Front 17

Wilson

Back 17

New freedom
-govt only regulates to provide equal oportunity
-diff way to provide same thing

Front 18

Wilson Steps taken

Back 18

1-calls congress over tariff
-underwood simmons tariff
-1st lowering since 1857
-est 1st fedt income tax rates
2- Banking currency system
-1907 panic & banks stop lending money
- w/out money big lending big biz doesnt work out
- gets natl' monetary comm to solve problem

Front 19

Natl' monetary comm's problems found in banking

Back 19

1- banks lack stablility- nothing in reserve
2- no central control of Banking process
3- currency is too inflexible
4- too much concentration of Capital via NYC (stock market)

Front 20

1913 fed reserve act

Back 20

est 12 fed reserve districts
-all natl' banks must join
-natl' bank= issued stock
-fed reserve helps other banks

Front 21

Promissory Note

Back 21

A promist to pay back

Front 22

Secured loans

Back 22

Have colateral to back up

Front 23

Unsecured

Back 23

No colateral- higher interest rate

Front 24

Discount Rate

Back 24

-interest Fed res. charged member banks
- controls money flow nationally

Front 25

Inflation?

Back 25

Raise discount rate

Front 26

Not enough money in system?

Back 26

Expand currency, low interest = more loans

Front 27

Fed Control

Back 27

7 people on board that changes every 7 years.
(Alan greenspan- only agency govt doesn't play politics)

Front 28

Clayton Act (1914)

Back 28

Forbade
1- ruinous price cuts
2- tying contracts
3- inter corp investment
4- interlocking directories in large corp & banks

Front 29

Fed Trade Commision (ftc)

Back 29

-investigat/ regulate biz practices

Front 30

Fed farm and loan Banks (12)

Back 30

low interest loans for farmers

Front 31

Fed Highway Act

Back 31

gave states money to build roads

Front 32

Keeting owen child labor act

Back 32

-forbade kids under 14 from working interstately

Front 33

Adamson act

Back 33

8 hour day for RR workers

Front 34

William White

Back 34

claimed the gov was an "alliance of govt/biz in favor of biz."

Front 35

Muckrakers

Back 35

Journalists who stirred up the muck pot

Front 36

Ida Tarbell

Back 36

-history of standard oil
-exposed rockefeller

Front 37

Ray Stamard Baker

Back 37

Following the color lines
-racism in n and s

Front 38

Lincoln Steffens

Back 38

govt corrupt in cities

Front 39

Frank Norris

Back 39

the octopus
-problems rr abused wheat farmers in the west

Front 40

Upton Sinclair

Back 40

the jungle
-problems with meat packing

Front 41

Reg of private enterprise

Back 41

Robert La Follette- father of progressivism

Front 42

Purpose of income tax

Back 42

-robin hood syndrome. take from rich give to workers

Front 43

Roosevelt fed levels

Back 43

-1st corp tax 1909
-fed income tax amend 1913-#16
-public ultities- electricity, phones, water - most reg industry

Front 44

Protection of consumers

Back 44

-products of a certain quality
-building codes
no longer "let the buyer beware

Front 45

Workmans comp

Back 45

42 states have it by 1921