Gov And Foreign Policy 1890-1920 Flashcards
(36 cards)
What was the reaction against big businesses?
One increasing concern was that the government at a national and state level were too weak to combat the power and influence of big business
Business interests often controlled government officials and procedures.
Action against businesses at local and state level
One of the major reforms at state level was to introduce popularly elected senators. Most senators had been appointed by state legislatures and were controlled by powerful business interests.
California was one of the first states to introduce elected senators. Other states followed suit and it became enshrined in the 17th amendment.
The idea was that increased democracy could reduce political corruption and the power of business interests.
Actions against big business at a national level
- interstate commerce commission 1887
- 1890 anti Sherman trust act
These measures were too vague to be effective.
What led to the creation of the populist and progressive movement?
The frustrations of the corruption in politics and big businesses.
When and what was the interstate commerce commission?
1887
Tried to regulate the railroads by making railroad companies establish their rates. However, they weren’t really monitored or regulated.
When and what was the sherman anti trust act
1890
Promote competition and prevent businesses from gaining excessive market power that could harm consumers
Broke up powerful monopolies like standard oil. But had been easily made ineffective in law.
When was the populist party created, what is it
-1890
- made by the national farmers alliance and was a radical movement that reaches out to african American sharecroppers and women
What were some populist reforms?
Gov ownership of railroads
Agricultural reforms
What was the silver issue?
Silver production grew rapidly in the USA. Its value increased by a lot. Traditionally, gold was used in the USA for currency. This kept value high. However, bimetalists wanted silver to be the currency, therefore decreasing value.
When was the Sherman silver purchase act and what is it
1890
Forces the gov to purchase 4 million ounces of silver per month for this purpose. Pres Cleveland repealed act in 1896.
Why are populists related to the silver issue?
Populists felt the high value of gold led to high interest rates and shortage of credit, the silver issue became their most significant policy.
What happened in 1896
Populist party gained control of the democrat party and took W.J Bryan as their candidate for the 1896 election.
Who were in the 1896 election?
McKinley republic vs W.J Bryan democratic populist
What is progressivism
It stood against corruption
improvement in living conditions
efficient gov
reducing power in big businesses.
Which presidents were progressive
Roosevelt 1901-1909
Taft 1909 - 1913
Wilson - 1913 - 1921
What was the Hepburn act and who was it passed under and when
1906
Roosevelt
Empowered the interstate commerce commissions further, giving authority to set maximum railroad rates and inspect companies records.
However, the Supreme Court reduced the effectiveness in this and the Elkins act of 1903
What was the Elkins act, when and who
Roosevelt
1903
Allowed interstate commerce commission to impose heavy fines in both railroad companies who offered rebates to big business concerns
What did Taft do?
Taft didn’t do much, many felt progressivism lost impetus during his presidency. However, he did promote anti trust legislation and introduce an 8 hour day for gov elmployees.
What is ‘New Freedom’?
Wilson’s won the 1912 election. He committed to reform and modernisation. He called this new freedom.
What, when and who - federal reserve act
1913
Wilson
A centralised banking system in the USA. Introduced 12 banking systems being looked over by the federal reserve. The federal reserve controlled the rates at which other banks could borrow. This addressed Inflation by restricting borrowing through high interest rates and deflation by reducing it
Who,when,what - Clayton anti trust act
1914
Wilson
This made certain business practices illegal such as price fixing to foster monopolies or tying arrangements where retailers couldn’t handle products of their main supplier’s rivals.
How involved was the USA from 1890 to 1920
Super involved BUT tried to follow the monroe doctrine
What is preclusive imperialism?
The idea that the USA took colonies to prevent others from doing so. For example, the situation in Samoa, USA became involved to stop Germany from taking the whole of it, made Samoa divided.
What are examples of the USA being expansionist?
- annexation of Hawaii
- the Spanish American war
- Panama Canal