Term
The country’s financial
structure, still creaking along under the Civil War ___ Act, revealed glaring defects. |
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Definition
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Term
| What was the Repub response to the panic of 1907? |
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Definition
Three years later Aldrich’s special
commission recommended a gigantic bank with
numerous branches—in effect, a third Bank of the
United States. |
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Term
| What was the Dem response to the panic of 1907? |
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Definition
| Pujo, found the source in American banking and business. |
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Term
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Definition
| Other People's Money and How the Bankers Use It - pushed Dem solution |
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Term
| What act did WW use to combat the tariff? |
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Definition
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Term
| Define: Federal Reserve Act |
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Definition
-Federal Reserve Board (oversaw 12 reserve districts, and each had its own central bank. This system wound up granting more public control since the board had final say)
-Federal Reserve Notes (paper currency, which could be increased to suit the needs of the economy)
-The new Federal Reserve Board,
appointed by the president, oversaw a nationwide system of twelve regional reserve districts, each with its own central bank.
-Although these regional banks
were actually bankers’ banks, owned by member financial institutions, the final authority of the Federal Reserve Board guaranteed a substantial measure of public control.
-The board was also empowered
to issue paper money—“Federal Reserve Notes”—backed by commercial paper, such as promissory
notes of businesspeople. Thus the amount of money
in circulation could be swiftly increased as needed for
the legitimate requirements of business. |
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Term
| Define: Federal Trade Commission Act |
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Definition
-appointed commission to investigate interstate commerce, such as the meatpackers.
-was expected to crush monopoly at the source by rooting out unfair trade practices |
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Term
| Define: Clayton Anti-Trust Act |
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Definition
-lengthened Sherman Act’s list of business practices
that were deemed objectionable including price discrimination and interlocking directorates
-exempted labor and agricultural organizations from antitrust prosecution, while explicitly
legalizing strikes and peaceful picketing.
-Gompers: "Magna Carta of labor" |
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Term
| Define: The Federal Farm Loan Act |
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Definition
| made credit available to farmers at low rates of interest |
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Term
| Define: Warehouse Act of 1916 |
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Definition
authorized loans on the
security of staple crops |
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Term
Sailors, treated brutally, were given relief by...
bad effect... |
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Definition
La Follette Seaman's Act
-decent treatment, living wage
-the crippling of America’s mer-
chant marine, as freight rates spiraled upward with
the crew’s wages. |
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Term
| Workingmen’s Compensation Act |
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Definition
granting
assistance to federal civil-service employees during periods of disability. |
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Term
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Definition
| established an eight-hour day for all employees on trains in interstate commerce, with extra pay for overtime. |
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Term
| T/F: WW presided over the end of dollar diplomacy |
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Definition
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Term
the Panama
Canal Tolls Act |
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Definition
which had exempted Ameri-
can coastwise shipping from tolls and thereby provoked sharp protests from injured Britain.
-repealed by WW |
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Term
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Definition
It granted to the Philippines
the boon of territorial status and promised inde-
pendence as soon as a “stable government” could
be established. |
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Term
| What nations did WW intervene w/? |
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Definition
-Haiti, after revolution, DR, after riots
-Virgin Islands (bought them from Denmark) |
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Term
| Who took power after Mexico's revolutionary prez? |
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Definition
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Term
| How did WW tick off Huerta? |
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Definition
-wouldn't recognize his gov't
-armed his rivals - Carranza and Pancho Villa. |
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Term
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Definition
-Atlantic seaport
-a small party of American sailors was arrested. The Mexicans promptly released the captives and apologized, but they refused the affronted American admiral’s demand for a salute of twenty-one guns. |
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Term
| What was WW's response to Tampico? |
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Definition
-tried to get congressional permission to eliminate Huerta
-ordered navy to seize Vera Cruz instead
(saved by ABC shortly after |
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Term
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Definition
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Term
| Villa’s men ruthlessly did what to sixteen young American mining engineers? |
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Definition
| threw them from a train traveling through northern Mexico in and killed them |
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Term
Villa and his followers, hoping
to provoke a war between Wilson and Carranza, |
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Definition
Villa and his followers, hoping
to provoke a war between Wilson and Carranza,
blazed across the border into Columbus, New Mex-
ico, and murdered another nineteen Americans. |
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