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Commercial reciprocity agreement
America ensured business from Hawaii with the agreement. -
Period: to
Economic Transformations
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Captain Alfred Thayer Mahan publishes The Influence of Sea Power Upon History, 1660–1783
This book argued that control of the sea was the key to world dominance and therefore stimulated the naval race among great powers. -
McKinnley Tariff
"Called for a tariff of over 49.5% on most goods." -
The US passes the tariff of 1894
This tariff restored high duties on sugar. The sugar production of Cuba became less profitable with this. -
Open Door Note
Secretary of State John Hay urged the powers to announce that in their leaseholds or spheres of influence they would repsect certain Chinese rights and the ideal of fair competition. He did this to assure that Europeans would not monopolize Chinese markets. -
Florence Kelly takes control of National Consumers League
Kelly mobolized female consumers to pressure for laws safegaurding women and children in the workplace. Many other reformers also contributed in the urges for reforms, making it harder and harder to exploit and abuse women and children. -
Cuba makes its Constitution
After being rescued and freed by the U.S, Cuba was made to create its own Consitution. It decreed that the U.S. may intervene with troops in Cuba in order to restore order and to provide mutual protection. It also stated thatCuba promised to sell or lease needing coaling or naval stations to their powerful "benefactor". -
Lincoln Steffens' "The Shame of the Cities"
His series of articles unmasked the corrupt alliance between big business and municipal government. Steffens, along with other authors branded muckrackers, cornered the government to end the curruption and limit the powers of the major companies. After this companies were hesitant to make big economic moves. -
Coal Miners go on Strike
After Roosevelt's intervention the strikers and the owners "agreed" to a 10% raise and an hour workday reduction -
Elkins Act
This act allowed for heavy fines to be placed on railroads that gave rebates and on the shippers that accepted them. This balked companies from gaining an excessive monopoly in the industry. -
Hay-Bunau-Varilla Treaty
This treaty gave the U.S. control of a 10-mile zone around the proposed Panama Canal. This was done afterthe Panamanians revolted in fear that the U.S. would choose the Nicaragaun route instead. This canal would further ease exportation for the U.S. -
U.S. Takes Over Management of Tariff collections in Dominican Republic
The U.S. did this to make sure that other countries stayed away from Latin America and didn't try to collect their own money in other ways. It gave the U.S. a certain monopoly of Latin America and was backed by the Monroe Doctrine. -
Hepburn Act of 1906
This act restricted free passes and expanded the Interstate Comerce Commision to extend to include express companies, sleepin- car companies, and pipelines. -
Meat Inspection Act & Pure Food and Drug Act
The preparation of meat would be subject to federal inspection and the adulteration and mislabeling of foods and pharmaceuticals prevented. -
Panic of 1907
A panic that descended upon Wall Street and Theodore Roosevelt was blamed because of all the restrictions he made. -
Aldrich - Vreeland Act
Congress passed this act in response to the panic of 1907. It authorized national banks to issue emergency currency backed by various kinds of callateral. -
Payne-Aldrich Bill
President Taft passed this bill which placed a high tariff on many imports. -
Standard Oil Co dissolved
The Supreme Court ordered the dissolution of the Standard Oil Company, stating that it violated the Sherman Anti-Trust Act. -
Panama Canal finished
Finished with a cost of $400 million.
