How successful were Presidents, Roosevelt, Taft and Wilson in addressing America’s economic problems?
1914 WordsFeb 10, 20148 Pages
How successful were Presidents, Roosevelt, Taft and Wilson in addressing America’s economic problems? (24 marks)
America in the late 19th and early 20th century was going through tremendous growth, with mass immigration and the consequent rapid growth of cities and urbanisation, industrialisation and mass production. Teddy Roosevelt, Taft and Wilson, the 3 main presidents of the early 20th century are often known for their many achievements both abroad and at home, and economic problems are one of the many problems that they dealt with during their terms as president. This essay will touch on the economic problems in that era and how the presidents dealt with those problems.
The first of the presidents Theodore ‘Teddy’ Roosevelt was a…show more content…
This shows how Taft might not have been all that successful in attending the economic problems, but at the same time shows how he may have been passive with the trust busting with the intention of future stability of the American economy.
Taft showed more of his successful and unsuccessfulness with the passing of the Payne-Aldrich Tariff Act. The tariff was passed by Congress in 1909, and it was the first change in tariff laws since the Dingley Act of 1897. The issue had been blatantly ignored by Roosevelt during his terms and the Republicans wanted to revise the tariff downward. To do this Taft called Congress to a special session, and the bill was promptly passed, reducing rates. The senate substituted a bill which reduced the number of downward revisions and increased many others. This angered many and so a compromise bill was adopted which moderated the high rates that Aldrich had pushed for. Overall the tariff lowered 650 items, raised 220, and left 1150 unchanged. Although it was a push economic change, it was a largely protectionist move from Taft, showing that he had not much determination in fixing economic problems. But at the same time it shows that tariffs were needed to maintain some leverage in