wilson's first term
TRANSCRIPT
-
7/30/2019 Wilson's First Term
1/15
Unit 4 Part 1
Presidency of WoodrowWilson
Mr. Klein
Fall 2012
-
7/30/2019 Wilson's First Term
2/15
Woodrow Wilson
President of PrincetonUniversity (1902-1910)
Governor of New Jersey(1911-1913)
Democrat
Three books on Politics: Congressional Government
The State
Constitutional Government
in the United States
-
7/30/2019 Wilson's First Term
3/15
Controversial Political Views
Critical of notion of inalienable individual rights :
No doubt a lot of nonsense has been talked
about the inalienable rights of the individual,and a great deal that was mere sentimentand pleasing speculation has been putforward as fundamental principle
-Constitutional Government in the United States
-
7/30/2019 Wilson's First Term
4/15
Controversial Political Views
Believed in moral right of leaders to direct livesof subjects:
The competent leader of men cares little for the
internal niceties of other peoples characters: he
cares mucheverythingfor the external uses towhich they may be put. He supplies the power;
others supply only the materials upon which thatpower operates. It is the power which dictates,
dominates; the materials yield. Men are as clay inthe hands of the consummate leader. Leaders of Men (1890 essay)
Opposed checks and balances in favor of
expansion of executive power
-
7/30/2019 Wilson's First Term
5/15
First Term (1913-1916)
-
7/30/2019 Wilson's First Term
6/15
Federal Reserve Act (1913) Response to panic of 1907
System of banks who makeshort-term loans to otherbanks (preventing bank
failure)
Combination of Govt and
Private Institutions
Officials (Board ofGovernors) appointed byPresident
-
7/30/2019 Wilson's First Term
7/15
Federal Reserve Act (1913)
Begin issuing Federal Reserve Notes as
currency in 1914
-
7/30/2019 Wilson's First Term
8/15
Federal Reserve Act (1913)
-
7/30/2019 Wilson's First Term
9/15
Federal Reserve Act (1913)
-
7/30/2019 Wilson's First Term
10/15
Federal Reserve Act (1913)
Fed Controls Monetary Policy:
1. Maximize Employment
2. Keep Prices Stable
- (called dual mandate of Fed)
- Means Fed dictates amount of $ incirculation
- Done via controlling interest rates
-
7/30/2019 Wilson's First Term
11/15
Clayton Antitrust Act (1914)
Clarifies and Strengthens Sherman
Specifically bans:
Price discrimination (betweencustomers)
Exclusive dealings contracts
Product tying
Provides for Treble (3x) damages
-
7/30/2019 Wilson's First Term
12/15
Clayton Antitrust Act (1914)
Contains provisions to protect Labor:
Says Unions NOT combinations for purposes
of antitrust laws
Limits injunctions against unions for striking,
picketing, etc. unless there is a threat ofdamage to property
-
7/30/2019 Wilson's First Term
13/15
Wait a Second?!?!?
-
7/30/2019 Wilson's First Term
14/15
Clayton Antitrust Act (1914)
Courts determine that Clayton Actsambiguous wording does not add
new anti-injunction protections for
unions
Duplex Printing Press Company v. Deering,254 U.S. 453 (1921)
Took Norris-LaGuardia Act to eliminateinjunctions as management tool
-
7/30/2019 Wilson's First Term
15/15
Federal Trade Commission Act (1914)
Creates FTC to investigateunfair business practicesforbidden by Clayton Act
Issues cease and desist
orders to offending
company Reviews business mergers
to determine if too
monopolistic
http://localhost/var/www/apps/conversion/tmp/scratch_6//upload.wikimedia.org/wikipedia/commons/4/43/US-FederalTradeCommission-Seal.svg