Woodrow WilsonWoodrow Wilson

1913-19211913-1921

DemocratDemocrat

T. MarshallT. Marshall

New FreedomNew Freedom

Attacks triple wall of privilegeAttacks triple wall of privilege 1. Trusts1. Trusts 2. Tariffs2. Tariffs 3. High Finance3. High Finance

Clayton Anti-Trust ActClayton Anti-Trust Act

Strengthened the Sherman Anti-Trust ActStrengthened the Sherman Anti-Trust Act If a company broke the law, its officers If a company broke the law, its officers

could be prosecuted!could be prosecuted! Labor and farm unions have the legal Labor and farm unions have the legal

right to existright to exist Strikes and boycotts legalStrikes and boycotts legal

Federal Trade Federal Trade Commission FTC 1914Commission FTC 1914

5 member watchdog group that 5 member watchdog group that investigated unfair business practicesinvestigated unfair business practices

Requires reports from companiesRequires reports from companies

State of the UnionState of the Union

1616thth Amendment Amendment

3. Legalized a Federal Income Tax 19133. Legalized a Federal Income Tax 1913 4. Graduated Federal income tax was 4. Graduated Federal income tax was

legalized. Government taxed larger legalized. Government taxed larger incomes at a slightly higher rate then incomes at a slightly higher rate then smaller incomessmaller incomes

5. generates millions and billions of 5. generates millions and billions of dollars for the Government.dollars for the Government.

Government problem Government problem needed to be corrected…needed to be corrected…

Needed to make credit more available Needed to make credit more available throughout the nation for all levels of throughout the nation for all levels of AmericansAmericans

7. Federal Reserve 7. Federal Reserve System 1913System 1913

8. 8. Made credit more available Made credit more available Private banks under federal controlPrivate banks under federal control Had the power to issue new currency and Had the power to issue new currency and

make loansmake loans Federal Banks can loan money to struggling Federal Banks can loan money to struggling

member banksmember banks

1916 Election1916 Election

““He kept us out of War” – was the slogan He kept us out of War” – was the slogan that got Wilson reelectedthat got Wilson reelected

World War IWorld War I

US neutrality shattered US neutrality shattered Zimmerman NoteZimmerman Note German declaration of unrestricted German declaration of unrestricted

submarine warfaresubmarine warfare

14 points14 points

1. Open diplomacy1. Open diplomacy2. Freedom of Seas2. Freedom of Seas3. Free trade3. Free trade4.Arms reduction4.Arms reduction5.5. Adjustment of colonial claimsAdjustment of colonial claims…….14. Creation of the League of Nations.14. Creation of the League of NationsAllies reject – want to punish Germany…Allies reject – want to punish Germany…

except for…..except for…..

League of NationsLeague of Nations

Wilson called for a League of Nations Wilson called for a League of Nations that would address diplomatic crises to that would address diplomatic crises to settle problems without war!settle problems without war!

Treaty of VersaillesTreaty of Versailles

June 28June 28thth 1919 signed peace agreement 1919 signed peace agreement

Creates problems that lead to WW II

Missionary DiplomacyMissionary Diplomacy

US responsibility to deny recognition to US responsibility to deny recognition to any Latin American government it viewed any Latin American government it viewed as oppressive, undemocratic or hostile to as oppressive, undemocratic or hostile to US interests.US interests.

Pressured nations in Western Pressured nations in Western Hemisphere to establish democratic Hemisphere to establish democratic governmentsgovernments