8:3● Election of 1912

● Theodore Roosevelt, “Bull Moose” Party● Woodrow Wilson● Taft● Wilson wins with 41% of the popular vote● 28th President: Woodrow Wilson (1913-1921)

8:3● Wilson's Legacy

● Underwood Tariff (1913)– Reduced tariffs on imported goods by 30%– Created the “income tax”

8:3● Wilson's Legacy

● Federal Reserve Act (1913)– Gave government the power to regulate banks– Control interest rates– Control amount of money in circulation

8:3● Wilson's Legacy

● Federal Trade Commission (1914)– Prosecute businesses that stifled competition

● Congress Responds● Clayton Anti-Trust Act (1914)

– Businesses could not show favoritism or discrimination (economically)

8:3● The Limits of Progressivism:

● Did not limit race or religious discrimination

● National Association for the Advancement of Colored People (NAACP)

– W.E.B. DuBois

● Anti-Defamation League (ADL)● Sigmund Livingston● Remove negative portrayals of Jews in movies,

print, and on stage