Period 7 1898-1945 3/6/2025 Flashcards
(80 cards)
What was the Socialist Party?
A third party developed in the early 1900s dedicated to the welfare of the working class
The party aimed to address issues affecting the working class through political means.
What reforms did the Socialist platform advocate?
More radical reforms than the Progressive favored, including:
* Public ownership of the railroads
* Utilities
* Major industries such as oil and steel
These reforms were aimed at reducing corporate control over essential services and industries.
Who was Eugene Debs?
One of the founders of the Socialist Party and its candidate for president in five elections from 1900 to 1920
Debs was a significant figure in American socialism and labor movements.
What was Eugene Debs’ background before joining the Socialist Party?
A former railway union leader who adopted socialism while jailed for the Pullman Strike
His experiences in labor disputes influenced his political views and activism.
What did Eugene Debs criticize?
He criticized business and supported labor
Debs believed in advocating for workers’ rights and social equity.
Which two candidates did the Republicans nominate in the Election of 1912?
President Taft and Theodore Roosevelt
Who did the Democrats nominate in the Election of 1912?
Woodrow Wilson
Which party nominated Eugene Debs in the Election of 1912?
Socialist Party
What did Roosevelt call for in his campaign during the Election of 1912?
New Nationalism
What were the key components of Roosevelt’s New Nationalism?
More government regulation of business & unions, women’s suffrage, more social welfare programs
What did Wilson pledge in his campaign during the Election of 1912?
New Freedom
What were the goals of Wilson’s New Freedom?
Limit big business & big government, bring reform by ending corruption, revive competition by supporting small business
Who won the Election of 1912?
Woodrow Wilson
Why did Wilson win the election?
People wanted to get rid of monopolies and wanted competition between businesses
What did Woodrow Wilson believe about the role of the president?
A president should actively lead Congress and, when necessary, appeal directly to the people for support.
What was Wilson’s commitment known as?
New Freedom
What did Wilson aim to attack with his New Freedom program?
The triple wall of privilege: tariffs, banking, and trusts.
What significant legislation did Wilson pass in 1913 regarding tariffs?
The Underwood Tariff, which substantially lowered tariffs for the first time in over 50 years.
What was Wilson’s proposal for banking reform?
A national banking system with 12 district banks supervised by a Federal Reserve Board.
What act was passed by Congress in 1914 related to banking?
The Federal Reserve Act.
Fill in the blank: Wilson attacked the ‘triple wall of privilege’ which included _______.
tariffs, banking, and trusts.
True or False: Wilson accepted the Republican proposal for a private national bank.
False
What were the two major pieces of legislation that completed Wilson’s New Freedom program?
Clayton Antitrust Act and Federal Trade Commission
These acts aimed to regulate business practices and protect labor rights.
What did the Clayton Antitrust Act strengthen?
Provisions in the Sherman Antitrust Act for breaking up monopolies
It was significant for organized labor as it exempted unions from being prosecuted as trusts.