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Anthracite Coal Strike
[Experience History: Interpreting America's Past](Davidson, DeLay, Heyrman, Lytle, & Stoff)Roosevelt intervened in a strike that idled 140,000 miners and paralyzed the anthracite coal industry. Public frustration with the mine owners mounted. The owners settled by granting miners a 10 percent wage hike and a nine-hour day in return for increases in coal prices and no union recognition. This was important because it was known as one of America's largest industrial strikes and threatend a national coal shortage (p. 608). -
Northern Securities Company dissolved
[Experience History: Interpreting America's Past](Davidson, DeLay, Heyrman, Lytle, & Stoff)The Northern Securities case was a federal prosecution in which President Roosevelt ordered Attorney General Knox to take the Northern Securities company to court for virtually monoploizing railroads in the Northwest. In the end, the Supreme Court ordered the company to dissolve in 1904. This was significant because the Northern Securities Company violated the Sherman Antitrust Act which happened during Roosevelt's presidency (p. 609). -
Hepburn Act & Interstate Commerce Commission
[Experience History: Interpreting America's Past](Davidson, DeLay, Heyrman, Lytle, & Stoff)The Hepburn Railway Act allowed the ICC to set ceilings on rates and regulate sleeping-car companies, ferries, bridges, and terminals. This was significant because the Hepburn Act drew Roosevelt nearer to his goal of continuous regulation of business (p.609). -
Pure Food and Drug Act & the Meat Inspection Act
[Experience History: Interpreting America's Past](Davidson, DeLay, Heyrman, Lytle, & Stoff)The Pure Food and Drug Act and the Federal Meat Inspection Act of 1906 were both widely accredited to a book called "The Jungle" that was written by Upton Sinclair. The PFDA prohibited the interstate transportation and sale of contaminated food. The FMIA authorized the Secretary of Agriculture to inspect, and condemn, any meat product found unfit for human consumption. This was significant because Roosevelt took action for the sale and transportation of healthy, not contaminated, food (p. 609). -
NAACP founded
[Experience History: Interpreting America's Past](Davidson, DeLay, Heyrman, Lytle, & Stoff)The National Association for the Advancement of Colored People was transformed from the Niagara Movement that was founded for political and economic equality. The NAACP was founded after an ugly race riot rocked Springfield. At least seven people died as whites and blacks fought pitched battles after marauding white mobs torched black homes and businesses. This is important because the NAACP worked for elimination of racial discrimination, fair housing, and employment (p.605). -
Federal Reserve Act passed
[Experience History: Interpreting America's Past](Davidson, DeLay, Heyrman, Lytle, & Stoff)The act created a new Federal Reserve System that contained 12 regional banks scattered across the country. It also created the Federal Reserve Board to supervise the system. The board could regulate credit and the money supply by setting interest rates, charged member banks, by buying and selling government bonds, and by issuing paper currency called Federal Reserve notes. This act was important because it was designed to safeguard the US economy (p. 615). -
Clayton Antitrust Act passed
[Experience History: Interpreting America's Past](Davidson, DeLay, Heyrman, Lytle, & Stoff)The Clayton Antitrust Act barred some of the worst corporate practices--price discrimination, holding companies, and interlocking directorates (directors of one corporate board sitting on others). This act was significant because it revised the 1890 Sherman Antitrust Act and banned monopolistic practices by business. It also gave unions the right to exist and affirmed the right of workers to go on strike (p. 615). -
Federal Trade Commission created
[Experience History: Interpreting America's Past](Davidson, DeLay, Heyrman, Lytle, & Stoff)The Federal Trade Commission Act created a bipartisan executive agency to oversee business activities. This was significant because the FTC had the power to investigate companies and issue notices against corporations engaging in unfair trade practices (p.615).
