How did Woodrow Wilson implement his New Freedom philosophy?
What will be an ideal response?
Answer: The ideal answer should include:
1. Supporting consumers, Wilson worked closely with congressional leaders to pass the Underwood Tariff Act, lowering tariff rates by about 15 percent and removing duties from sugar, wool, and other consumer goods.
2. The Underwood Tariff Act included a provision to levy a modest graduated income tax, with a 1 percent tax on individuals and corporations making more than $4,000 annually and an
additional 1 percent tax on incomes of more than $20,000.
3. The Federal Reserve Act was the most important domestic law of Wilson’s administration,
establishing the country’s first efficient banking system to provide a sound yet flexible currency.
4. To support labor, the Clayton Antitrust Act, while prohibiting unfair trade practices and pricing, also declared that unions were not conspiracies in the restraint of trade, outlawed the use of injunctions in labor disputes except under certain circumstances, and approved lawful strikes and picketing.
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Indicate whether the statement is true or false.
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