Chapter 17-5 Wilson

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Chapter 17-5 Wilsons New Freedom
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Wilson Wins Financial Reforms

• Southern background (Racial prejudice)
• Clayton Antitrust
• Strengthen Sherman Antitrust
• Labor unions right to exist
• Legalized strikes
• Federal Trade Commission (FTC)
• Cease illegal activities of companies

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More Economic Reforms

• Federal Income Tax
• Replace tariff income
• 16th amendment
• Larger incomes taxed higher than smaller
  (Graduated)
• Today main source of revenue

• Federal Reserve System
• Adjust amount of money in circulation
• 12 banking districts
• Save banks from closing
• System still serves as basis for banking system

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Limits of Progressivism

• Disappointed many Northern white and black
  supporters
• Wilson won support by saying hed be tough on
  civil rights (lynching)
• Argued against antilynching laws
• Appointed many Southern officials
• Extended segregation
• Believed in Separate but Equal
• The progressive era ends as WWI begins