1. Chapter Four Section Five

3. A. Woodrow Wilson 1.Intellectual 2.Idealist 3.Reformer 4.Knew Congress 5.New Freedom

5. B. Taxes 1.Reduce protective tariffs (import taxes) 2.Income tax for government revenue-made possible by 16 th Amendment

7. C. Federal Reserve System 1.Banker’s Banks 2.Federal Reserve Board 3.Regional Banks 4.Sets the Prime Rate 5.Regulates money flow

9. D. Anti-trust Action 1.Federal Trade Commission (FTC) 2.Clayton Antitrust Act a.Spelled out illegal trusts b.Legalized labor unions

11. E. Progressivism’s Impact 1.Political reforms expanded the power of voters 2.Economic reforms regulated corporations/banks in public interest 3.Consumer protections 4.Government Management of natural resources