Corporations
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Facing an Economic Revolution
United States History
In the 1912 presidential election, Woodrow Wilson spoke to Americans at a pivotal moment in the development of the American economy. A world of individual competition and small-scale capitalism was being overtaken by a new reality of labor unions and large-scale corporations. Wilson attacked irresponsible big business and warned that regulating it would not alone solve America's problems. He saw corporate power as a threat to freedom, to be countered only by government intervention in the economy.
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