Add to collection s Add to saved. He was short and stout with big teeth, and he had a passion for physical fitness.
This cabinet-level department was designed to monitor corporations and ensure that they engaged in fair business practices. Such actions gained him a reputation as a trustbuster. Protecting Consumers and Workers Click to read caption In addition to busting trusts, the progressive presidents tried to protect consumers.
In order to make up for the loss in revenues caused by the lower tariffs, the Underwood Bill introduced a graduated income tax. Big business favored high tariffs. History Notes. Under strong pressure from progressives, and with some support from Taft, Congress proposed the Sixteenth Amendment, which would allow the federal government to impose an income tax.
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Instead, they accepted the idea that tourism, and thus economic development, could help protect the natural landscape. His program of reform, which became known as the Square Deal, focused on regulating big business and protecting workers and consumers. Morgan and James J. Big business favored raising tariffs, but progressives wanted to raise taxes.
Northern Securities was a holding company, a business that controls other companies by buying up a majority of their stock. This infuriated much of the public as well as the legions of political players who were still fiercely loyal to Roosevelt.
Tariffs on imports had long been used to boost government revenue. The Underwood Tariff Bill brought the first significant reduction of duties since before the Civil War.
The era of the Progressive presidents produced a number of notable achievements.
Three Progressive Presidents Click to read caption The framers of the Constitution wanted the president to have prestige but not too much power. Morgan had a dispute to resolve with the president.
Morgan and other businessmen had created this holding company to control the long-distance railroad lines from Chicago to California.