Saturday, March 7, 2020
Progressivism and its Effects essays
Progressivism and its Effects essays Progressivism was a period of American history in which improving working conditions, improving the way of life, exposing corruption, expanding democracy and making reforms was the main idea of this period. Many of the citizens granted and demanded a change in numerous areas such as business, labor, economy, consumers and an increase of democracy. The progressive period was marked with the arrival of three great presidents Roosevelt, Taft, and Wilson all three of these presidents fought for the common good of the people. Teddy Roosevelt was known as the "trust buster" and that is exactly what he did to help control big business. Many large corporations had complete control of the services that they were selling. Roosevelt went in to these companies and helped to stop this type of monopoly. The biggest trust that Roosevelt busted was the one involving Northern Securities and J.P. Morgan. Roosevelt was also a big supporter of labor he tried almost everything and anything to help the citizens of the United States. Teddy set up child protection laws, which were used to prevent children to work in factories, and it also reduced the amount of time they worked. Roosevelt also set up workman's compensation, which is a payment that employers had to pay employees who get injured on the job. President Wilson also tried to help and improve the conditions for workers he did this by adding and income tax. This type of income tax is called a progressive or graduated which would rise with the amount of money that a person makes. This really helped the poor because they were taxed less than big business men were. Wilson helped the economy by instituting a Federal Reserve Bank. This bank was a system in which there would be twelve federal reserve banks all throughout the country. All national banks were ...
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