"American industry is not free, as once it was free; American enterprise is not free; the man with only a little capital is finding it harder to get into the game, to go his own way in it, and to climb with his business... What this country needs above all else is a body of laws which will look after the men who are on the make, not the men who are already made."
— Woodrow Wilson, *The New Freedom*, 1913
Which of the following Progressive Era actions was most directly aligned with the perspective expressed in the excerpt?
- AThe reliance on unregulated market forces and laissez-faire policies to resolve industrial consolidation
- BThe advocacy for direct government ownership of major utility and transportation networks
- The passage of federal legislation to regulate corporate monopolies and restore market competitionAnswer
- DThe creation of federal health insurance entitlement programs to directly support elderly citizens
Answer
The passage of federal legislation to regulate corporate monopolies and restore market competition
The correct answer is the option stating that Woodrow Wilson's perspective aligned with the passage of federal legislation to regulate corporate monopolies and restore competition. In his 'New Freedom' campaign, Wilson argued that federal intervention was necessary to break up trusts and monopolies to allow small businesses and individual entrepreneurs to compete fairly in the market. This philosophy led to major Progressive reforms, including the Clayton Antitrust Act and the establishment of the Federal Trade Commission in 1914.
Step-by-Step Solution
Key Concept
Progressive Era Reforms and Influences