TEST chapter 5

Know the key vocabulary at the end of the chapter review (discussed in class)

Review the key progressive reforms that took place in Politics, business, and society.

Be prepared to discuss 2 or 3 reforms in each category

Be prepared to identify Roosevelt's and Wilson's approaches to the economy and government's role in business.

Comparing Progressive Presidents

Define Progressivism in government

Explain Roosevelt’s “New Nationalism” and his beliefs about the existence of big business and it’s relationship with government (5-2)

Use the information we discussed on the 5-2 guided reading.

Explain Wilson’s “New Freedom” (5-4)

Free Enterprise – no government regulation

Regulating trusts “monopolies” gave the government too much power

Examples

Tariff reform

Allowing foreign competition to force US corporations to become more efficient, economical, and enterprising

16^th amendment – direct taxation (income tax) sources of government revenue

Federal Reserve Act – ability of Federal Government to set interest rates

-The Federal Reserve can lower interest rates to stimulate the economy

*Explain how Roosevelt and Wilson views of business and the role of government were different and/or the same.

Provide examples for each Presidents’ policies

(ie. Roosevelt’s bureau of corporations)

1 page in length

1 paragraph each to explain Roosevelt's and Wilson's beliefs and 1 paragraph to compare/contrast their philosophies.

DUE: Tuesday 11/9