A presidential platform during the 1912 election, it advocated for limited government intervention in the economy to foster competition. Its core tenets included tariff reductions, banking reform, and stronger antitrust legislation, with the aim of creating a level playing field for small businesses and entrepreneurs. For example, it sought to dismantle monopolies and promote a more competitive marketplace.
This approach held significant importance at the time by addressing concerns about the growing power of corporations and the unequal distribution of wealth. It promised to protect individual liberties and promote economic opportunity for all citizens, fostering a sense of fairness and economic mobility. This also influenced the political landscape by establishing new policies and regulations to address these issues.