Woodrow Wilson and The Presidency Essays

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Woodrow Wilson and The Presidency

From the beginning of the 1912 election, the people could sense the new ideas of Woodrow Wilson would move them in the right direction. Wilson's idea of New Freedom would almost guarantee his presidential victory in 1912. In contrast to Wilson's New Freedom, Roosevelt's New Nationalism called for the continued consolidation of trusts and labor unions, paralleled by the growth of powerful regulatory agencies. Roosevelt's ideas were founded in the Herbert
Croly's novel, The Promise Of American Life written in 1910. Although both
Wilson and Roosevelt favored a more active government role in economic and social affairs, Wilson's favored small enterprise, entrepreneurship, and the free functioning of
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The new Federal Reserve
Board, appointed by the president, oversaw a nationwide system of twelve regional re-served districts, each with its own central bank. The final authority over these banks was granted to the Federal Reserve Board, which guaranteed a substantial measure of public control. The board was also empowered to issue paper money called "Federal Reserve Notes." The amount of money in circulation could be swiftly increased as needed for the legitimate requirements of business.
     In 1914, Woodrow Wilson tried to tame the trusts. Again making a personal ap-pearance to address Congress with his propositions helped dramatize the situation and sway the support towards his ideas. Congress responded with the Federal Trade Commis-sion Act of 1914. The new law empowered a presidentially appointed commission to toughen regulations on interstate commerce. This was supposed to crush monopolies by wiping out unfair trade policies. Next came the Clayton Anti-Trust Act of 1914, which was meant to further strangle the major monopolies. It lengthened the list of business practices deemed objectionable in the Sherman Act. Now, price discrimination and inter-locking directorates were gravely forbidden.
     Wilson had caught the attention of the public by conquering the "triple wall of privilege." With the full support of the public,

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