New Freedom Man
Reduce work hours or tariffs and rout government corruption.
Woodrow Wilson
History Behind "New Freedom Man"
During Wilson's campaign, he declared promises during his speeches. His speeches and promises integrated as his platform which was named New Freedom.
Arch Enemy: "Malevolent Monopoly"
Monopolies
1) Allows one set price (overpriced)
2) Reduces innovation
3) Reduces competition
4) Restricts choices for consumers
5) Becomes less efficient overtime
Sidekick: "Monopoly Eliminator"
Henry Demarest Lloyd
- Wrote Wealth Against Commonwealth in 1894
- Shed light on how the Standard Oil Company's use of monopoly was wrong
- His exposes portrayed the abuse of industrial monopolies
Wilson's Superpowers
1. Federal Trade Act (1914)
-Set up the Federal Trade Commission to find and stop unfair and illegal business practices.
2. Clayton Antitrust Act (1914)
-Stated certain businesses illegal (interlocking directorates, trusts, horizontal mergers)