Return to U.S. Politics 3/12/20
|Progressives sought monopolistic corporation regulation through antitrust laws which were seen as a means to promote fair competition and benefit consumers. Election reform was also high on the agenda. An increase post WW I Communist and Union activities caused a fear of anarchy and a desire for a more peaceful Democratic Federalist Capitalistic Republic. from textbooksfree.org
"And Now the Rest of the Story"
as voters blamed Democrats for the Panic of 1893. Moralistic rhetoric and Cross of Gold crusading for easy money by W. J. Bryan alienated conservatives. Over 90% turned out in some districts.
but a strong economy and a popular Battle of San Juan Hill victor V.P. Teddy Roosevelt was too much for easy money Free Silver candidate W. Bryan. Anarchist Leon Czolgosz assassinated Prescient McKinley making progressive TR president. The Election of 1904 was a landslide with TR for protective tariffs, increased foreign trade, a pledged to uphold the gold standard, expansion of the merchant marine, a strong navy, and an a imperialist Caribbean and Pacific foreign policy.
T. Roosevelt was arguably our most popular president.
Most egoistical? T.R.'s involvement in the 1902 Coal Strike. began the Progressive Era and twenty years of labor turmoil. The 1903 Panama Canal acquisition eventually resulted in improved transportation. The Roosevelt Corollary to the Monroe doctrine expanded the US sphere of influence in the Caribbean to protect Panama Canal interests. Panic of 1907 required liquidity and the Treasury deposited $25,000,000 into New York banks. J.P. Morgan with John D. Rockefeller and other wealthy men had provided all Panic of 1893 liquidity. Eventually the Federal Reserve System was the new Lender of Last Resort. Designed by Wall Street bankers the FED would continue under their influence until 2016 and counting!
|1908 had Bryan progressivism attacking "government by privilege" with Free Silver
good Supreme Court Chief Justice but...
He expanded "Dollar Diplomacy" to promoted Latin American and East Asian economic development using bank loans and U.S. Companies.
Think Russia's 2014 annexation of Crimea.
after former President TR failed in his Republican Party nomination attempt and joined the new Progressive "Bull Moose" Party. Socialist labor leader Eugene Debs was also a factor. Wilson won with 42% of the popular vote while Roosevelt's had 27%, Taft's 23% and union leader Deb's had 6%. Wilson allowed business credits to warring WW I belligerents which helped exports and ended the 1914 recession. When the Allies ran out of money and hoping to foster economic growth he allowed a Morgan led bank group to loan to loan them $500,000,000,000. German and Irish Americans were not happy.
had progressive successes but
his League of Nations failure was monumental.
The 19th Amendment gave women voting rights with little support from the South, among Republicans, and some conservative women.
Think women terrorists.
involvement in agriculture began
with the very successful Federal Farm Loan Act though
many debate the continued need for
Wilson did not let Republicans
join in WW1 peace discussions
Editor's Note: Segregated government meant Wilson like TR and T. Jefferson felt Americans were not ready to integrate.
post war recession,
postwar labor strife, and
First Red Scare.
Harding easily won with an isolationist policy. His conservative wing would win a decade-long battle with bankers who wanted U.S. international trade dominance. The Treasury insistence on foreign loans eventually led to banking trouble. Think German industry helped by American Business.. Excessive eating, drinking, and smoking may have contributed to Harding's 1923 death.
second conservative run.
Tight Monetary Policy and a major federal spending decrease caused the forth most severe U.S. Recession. It began the FED effectiveness debate. Think Rand Paul. The Emergency Quota Act of 1921 continued U.S. immigration restrictions base on race. Think D. Trump. The act brought pro-Western Europe quotas as revolution in Eastern Europe brought unwanted immigrants. Think European immigration crisis.
restored public confidence after