3 ore 52 min, 5 nov 1912 anni - President Woodrow Wilson New Freedom

Descrizione:

The New Freedom was the title of President Wilson's platform for change in which he attacked the Triple Wall of Privilege and fought unfair business practices. The Triple Wall of Privilege was the term that Wilson used to describe the banks, the tariff and the trusts. Wilson's New Freedom vision was to support small farmers and small businessmen by Reforming Tariffs, Reforming the Banks, taking Antitrust actions and breaking up monopolies. Woodrow Wilson also introduced important Social Welfare reforms and Federal Aid.

The election of 1912 represented a pivotal moment for the United States. Americans had experienced the rise of U.S. corporations in an economy that was transforming from a second Industrial Revolution. There was a sharp increase in wealth inequality, along with a growing sense among Americans that large corporations were controlling the government.

Illustrating the reform-minded sentiment of the country, the presidential election saw a 4-way race between the presidential incumbent William Taft, the former president and appointed leader of the Progressive Party Teddy Roosevelt, the Socialist Party candidate Eugene Debs, and Democratic candidate Woodrow Wilson. It became a 2-way race between Roosevelt and Wilson, who offered the public competing visions of how the country should look going forward.

Roosevelt offered a reform package he dubbed New Nationalism. It called for leaving behind the tradition of a weak federal government and unregulated capitalism. In its place, Roosevelt offered a strong federal government that heavily intervened in the economy to break up large corporations not serving the public interest and guaranteed social justice for the working class.

Wilson offered a competing reform package, New Freedom, that agreed with the public's concern over large corporations, but sought to keep government limited and out of the economy. Instead of the strong government intervention advocated by Roosevelt, Wilson sought reforms that would alter the rules of the game the market operated under, focusing on tariffs, the banks, and the trusts.

Aggiunto al nastro di tempo:

Data: