Progressive Era Economic Reforms and Policies

The video discusses the economic reforms during the Progressive Era, focusing on the contributions of Presidents Roosevelt, Taft, and Wilson. Roosevelt's Square Deal targeted trusts and conservation, while Taft introduced the 16th Amendment for income tax and was a significant trust-buster. Wilson reduced tariffs, established the Federal Reserve, and passed the Clayton Antitrust Act, shaping modern economic policies.

What was the primary focus of the Progressive Era's economic reforms?

• Cultural development

• Economic regulation

• Social equality

• Military expansion

Which president was known as the 'trust buster' for his actions against large corporations?

• Teddy Roosevelt

• Woodrow Wilson

• William Taft

• Herbert Hoover

What was the main goal of the Square Deal introduced by Teddy Roosevelt?

• To promote international trade

• To regulate corporations, protect consumers, and conserve resources

• To expand the military

• To increase tariffs

Which amendment introduced the income tax as a primary source of government revenue?

• 18th Amendment

• 15th Amendment

• 16th Amendment

• 17th Amendment

What was a significant achievement of Taft's presidency in terms of trust-busting?

• Breaking up Standard Oil

• Establishing the Federal Reserve

• Creating the League of Nations

• Passing the New Deal

What was the purpose of the Federal Reserve Act established under Wilson?

• To regulate the stock market

• To promote agricultural development

• To increase tariffs

• To control the money supply and interest rates

Which act replaced the Sherman Antitrust Act and is still in use today?

• Clayton Antitrust Act

• Elkins Act

• Hepburn Act

• Underwood Tariff Act

Which president drastically reduced tariffs to make American companies more competitive?

• William Taft

• Woodrow Wilson

• Teddy Roosevelt

• Herbert Hoover

What was the outcome of the Hammer v. Dagenhart case regarding child labor?

• Child labor was declared constitutional

• Child labor laws were upheld

• Child labor laws were declared unconstitutional

• Child labor was banned nationwide

How did mandatory schooling impact child labor during the Progressive Era?

• It led to more child labor laws

• It had no effect on child labor

• It increased child labor

• It reduced child labor significantly