The Theodore Roosevelt Presidency
Theodore continued to push for progressive reforms to allow the country to move to Europe’s social democracies. The interstate commerce commission was given new powers to determine the rates for construction of railroads and the state of administration. He successfully fought against the corporate monopolies, and under this forty-four, suits were bought by the attorney general, which facilitated the dispersion of standard oil to thirty smaller companies, and this allowed market competition. There was an equal distribution of resources among members of the state. On the other hand, the regulatory powers of the federal government were expanded in domestic matters. The legislative acts, such as the Hepburn Act, the Elkins act, and the pure food and drug act, were passed, which paved the way for the expansion of powers for national authority. There was the expansion of national parks, forests, and sustainable use of natural resources. The great coal strike was settled, and the laborers‘ conflicts were also solved (Miller et al., 2018).
Woodrow Wilson
Woodrow’s presidency brought democrats back to power, and this was the first case since the civil war. There were banking and tariff reforms where the tariff rates were lowered in fifty years. The federal trade commission controlled unfair competition in the commerce sectors. The passage of the Clayton Antitrust Act strengthened the antitrust laws which outlined business practices, including the means of getting stock from the company.
The Federal Reserve act signed by Woodrow helped the American economy, there was supply to US and it also safeguarded American financial institutions. The women rights were advocated for which allowed the women to vote. Wilson’s triple wall of privilege allowed small businesses and farmers to have their freedom and privileges. This reserve act made loans available for middle class Americans. The board of Federal Reserve set high interest rates for loans which helped in regulation of economic growth and inflation
Calvin Coolidges’ , Roosevelt and Wilson view of economy
Calvin refused to separate morality from economy. He considered taxation as the moral issue to the economy. He argued that economic growth and liberty were protected by the limited federal government which was also the best policy for economic growth. He believed that individual liberty could be threatened by the abuse of the economic policy.
Roosevelt
He considered businesses and labours as main components of economy. He fought for the right of labours and gave them their privileges. Established more natural forests and parks. There was sustainable use of natural resources and great coal strike was settled.
Wilson
He promoted economic growth by reducing tariffs on manufactured raw materials and goods manufactured. The loss in revenue were compensated through creation of income tax from federal. He passed an amendment which prohibited alcohol sale. The regional bankers’ structures were placed under central board governance.
Roosevelt, Wilson, and Coolidge Changes in Presidency Power
The bully pulpit attitude of Roosevelt made a belief that power not granted are forbidden. He expanded the executive authority for the future. He used this attitude to convince the congress that government should increase its supervision to ensure greater industrialization. He made presidency the centre of politics in America. He changed the relationship between the individual citizens and the president. The president was given authority to guide and regulate big businesses.
Coolidge brought back the public confidence in the white house. He promoted federal efforts in their quest to support US membership to the world court. He passed an Act which allowed the brooking institution to run a survey of federal activities for American natives.
Wilson proposed a peace treaty and creation of the national league which promoted peace around the world. He led the nation in developing public support for that league. He changed the expected achievement of the president by making constitutional understanding. The gap between the president, the legislature and executive was closed and the president was permitted to regulate economy.
References
Miller, Scott E. “The Bully Pulpit and The Pulpit Bully: A Comparison of How Presidents Theodore Roosevelt and Donald Trump Used the Media To Propel Their Careers and Political Agendas.” (2018).
Riccards, Michael P., and Cheryl A. Flagg. Woodrow Wilson as Commander in Chief: The Presidency and the Great War. McFarland, 2019.