Transcript The Progressives - Groton Public Schools

The Progressives
Roosevelt, Taft, and Wilson
Teddy Roosevelt
Teddy Roosevelt at the Panama Canal
Teddy Roosevelt
and
John Muir
in Yosemite
Teddy Bear
Trustbuster
1904
Northern Securities
William Howard Taft
William Howard Taft,
born in 1857, was a son
of a distinguished
judge, a graduate of
Yale, a news reporter, a
lawyer, a professor and
a Dean of the University
of Cincinnati. He is the
only President to also
serve as Chief Justice of
the United States
Supreme Court.
William H. Taft
Republican President
1909-1913
Bungled Legacy
Presidential Election of 1912
Presidential
Election
Of 1912
Eugene V. Debs for president in 1912
Wilson D
Taft
R
T.R.
BM
Debs
Soc.
Wilson
Taft
T.R.
Debs
435
88
8
0
6.3 mil
3.5 mil
4.1 mil
.9 mil
Debs for President 1920
Harding
Cox
Debs
Rep
Dem
Socialist
16 million 404
9 million 127
.9 million 0
What do former Presidents do?
Wilson and Taft 1913
The Federal Reserve Act of 1913
established the Federal Reserve System as
the central banking authority of the U. S.
Under the Federal Reserve Act of 1913
and amendments over the years, the
Federal Reserve System: (1) Conducts
America’s monetary policy.
(2) Supervises and regulates banks and
protects consumers’ credit rights.
(3 )Maintains the stability of America’s
financial system. (4) Provides financial
services to the U.S. Government, the
public, financial institutions, and foreign
financial institutions.
The Federal Reserve makes loans to
commercial banks and is authorized to
issue the Federal Reserve notes that make
up America’s entire supply of paper
money. Overseeing the system, a Board of
Governors of the Federal Reserve System,
controls operations of the 12 Federal
Reserve Banks, and the thousands of
member banks across the U.S.
Federal Reserve Districts
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Wilson in Versailles, France 1919
John D. Rockefeller
1901
Puck magazine
The
Bosses
of the
Senate
Sherman
Anti-trust Act 1890
The last third of the 19th century witnessed
the development of business
conglomerates or trusts. Many people
believed that this new form of business
organization stifled competition and led to
manipulation of prices. State governments,
mostly in the West and South, passed laws
to regulate corporate behavior, but the wily
trusts simply established themselves in
friendly states such as Delaware and New
Jersey.
The Sherman Antitrust Act, the first federal
antitrust law, authorized federal action
against any "combination in the form of
trusts or otherwise, or conspiracy, in
restraint of trade." In the eyes of many
Congressmen, the measure would look
good to the public, but be difficult to
enforce.
Lack of specificity in the act's wording led
the courts to struggle for years before they
could agree on the meanings of "trust",
"combinations," and "restraint of trade." In
the first 10 years of the law's existence,
many more actions were brought against
unions than big business.
The first meaningful challenge to this
legislation came in the failure to
successfully prosecute the E.C. Knight case
in 1895.
1904
Jacob Riis
How the Other Half Lives
Mulberry Bend
Bandit’s Roost
Jacob Riis “Five Cents Lodging”
Ruins at Triangle Shirtwaist Factory
Tragedy at the Triangle Shirtwaist Factory
1911
Triangle Shirtwaist Victims at Morgue
Upton Sinclair The Jungle
“Muckrakers”
The IWW was founded in Chicago in June
1905 at a convention of two hundred
socialists, anarchists, and radical trade
unionists from all over the United States
who were opposed to the policies of the
American Federation of Labor.
Suffragettes
New York City Suffrage Parade
Prohibition 18th Amendment 1919
Prohibition?
Carry Nation