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Progressive Reforms of President Roosevelt, Taft and Wilson
Similarity
President Wilson, Roosevelt and Taft are well known for their ‘trustbusting’ agenda combated policies from various organizations that took advantages of its employees. During the era of all these presidents, organizations tended to eliminate competition using malicious tricks such as buying other rivals organizations to gain leverage when it comes to specific fields. Elimination of competition stifled market prices of various businesses which led to the downfall of individual companies. Trustbusting involved regulation of the extent that a single organization can go when it comes to handling various activities (Byrness). The three presidents were against the trusts of various companies since they were harmful to the affairs of the general public.
All these three presidents are well known for their activities which involved putting the rights of workers at the forefront of the expectations of employers and organization (Byrness). There were companies during the era of Taft, Wilson and Roosevelt tended to pay low wages to work. Employees from such companies provided adequate labour which did not match their salaries.
Differences
Roosevelt is well known for the ‘Pure Food and Drug Act.’ He enforced this law so that consumers can be safe from harmful medication food produced by various organization. Roosevelt prohibited the selling of drugs and food that were banned to the general public (Denham). The president is also well known for his conservation act. The conservation act protected wild animals from people who had malicious intentions. Roosevelt set aside a precise area where wild animals resided in peace with interference from people such as poachers.
President Taft implemented a rule for tax reform. According to Taft, wealthy citizens were entitled to paying more taxes compared to the poor general citizens. The president created four types of taxes which were adhered to during his era; estate tax which was charged to heirs of a person who had died before they could inherit any property from the dead. Sales text was enforced retail prices of various goods (Denham). Income tax was entitled to individuals who were working in various organizations, and members of different companies had to pay a precise percentage of their wages. Lastly, the property tax was entitled to people who owned various properties, such as houses.
Woodrow Wilson is well remembered for ‘Federal Reserve Act.’ During the era of Wilson, the federal government were given the power to manage the banking system of the whole nation. Before the establishment of the ‘Federal Reserve Act,’ the economy of the country was unstable (Sastry). The enforcement of this act by President Wilson led to the creation of Central Bank.
Work Cited
Byrnes, Liam. ““To hell with the Constitution!”: How Theodore Roosevelt Acting Abroad Undermined Progressive Reforms at Home.” Historical Perspectives: Santa Clara University Undergraduate Journal of History, Series II 24.1 (2019): 7.
Denham, Bryan. “Magazine Journalism in the Golden Age of Muckraking: Patent-Medicine Exposures Before and After the Pure Food and Drug Act of 1906.” Journalism & Communication Monographs 22.2 (2020): 100-159.
Sastry, Parinitha. “The political origins of section 13 (3) of the federal reserve act.” Economic Policy Review 24-1 (2018): 1-33.
