March 14, 2014

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-1918 Volstead Act passed and becomes the 18th amendment -liquor is formally outlawed by 18th amendment -e amendment

banned the sale, manufacture, transportation, and distribution of all alcoholic beverages in the United States Unintended consequences 1. Unemployment over 100k jobs in the distillery business 2. Decrease in tax revenue excise taxes on alcohol was a major source of revenue for the government 3. Farmers are destroyed-over supply of corn and wheat lead to massive drop in farm prices 4. Rise in organized crime-bootlegging was a perfect fit for the mob 5. Drinking became the cool thing to do and more people drink during and after prohibition than before Theodore Roosevelt -becomes president upon the death of president McKinley -governmental program will be known as the square deal -first act is to take on businesses and monopolies he viewed as a threat to his power -congress didn't want to regulate business at this time -TR goes to the people for support -they force congress to support Roosevelt -northern securities is the first monopoly tr goes after -attempted to take over all railroads in the north western part of the country Theodore roosevelt -didn't oppose all monopolies, just the ones he felt was hurting customers -only prosecuted trust cases he knew he could win - pagers nickname "trustbusters" for his fight against business -he gets the expedition act passed -gave antitrust cases precedence on federal court pockets

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