EXAM 2 Study Guide

EXAM 2 Study Guide - HIST of US since 1865: EXAM 2 STUDY...

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Unformatted text preview: HIST of US since 1865: EXAM 2 STUDY GUIDE Dollar Diplomacy: Taft's foreign policy which replaced "bullets with dollars"; involved investors instead of military. Eventually worked better in Latin America than China. Hepburn Act: 1906 - This Act was signed by Teddy Roosevelt to give the ICC the right to set rates that would be reasonable. It also extended the jurisdiction of the ICC to cover express, sleeping car, and pipeline companies. It prohibited free passes and rebates. It was the first time in U.S. history that a government agency was given power to establish rates for private companies. Muckrakers: a nickname given to young reporters of popular magazines. These magazines spent a lot of money on researching and digging up "muck," hence the name muckrakers. This name was given to them by Pres. Roosevelt- 1906. These investigative journalists were trying to make the public aware of problems that needed fixing. New Freedom: Wilson's policy that favored the small business, entrepreneurship, and the free functioning of unregulated and unmonopolized markets. Federal Reserve Act: The most important piece of economic legislation between the Civil War and the New Deal. It created a regulatory agency for banking with 12 regional reserve districts. Each bank was independent but was controlled by the Federal Reserve Board, which was controlled by the public. The Federal Reserve controls the amount of money in circulation through reserves and interest rates. Lusitania: a British passenger ship that was sunk by a German U-Boat on May 7, 1915. 128 Americans died. The unrestricted submarine warfare caused the U.S. to enter World War I against the Germans. Clayton Act: This helped to control monopolies by lengthening the Sherman Act's list of business practices that were objectionable (interlocking directorates). It exempted labor and agricultural organizations from antitrust prosecution; legalized strikes and peaceful picketing. Muller vs. Oregon: (1908) found attorney Louis D. Brandeis persuading the Supreme Court to accept the constitutionality of laws that protected women workers. Roosevelt Corollary: A political policy of the United States by President Theodore Roosevelt that states only the United States could intervene in the affairs of South America. Jim Crow Laws: Laws designed to keep blacks segregated in public places like hotels and restaurants; 1892; backed by lynchings and burnings; "legalized" by Plessy vs. Ferguson in 1896....
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EXAM 2 Study Guide - HIST of US since 1865: EXAM 2 STUDY...

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