Final answer:
Theodore Roosevelt's New Nationalism and Woodrow Wilson's New Freedom both intended to combat the power of big businesses but differed in their approach to government intervention. Roosevelt favored strong federal regulation, while Wilson supported reducing government size and allowing market competition.
Step-by-step explanation:
Both Theodore Roosevelt’s New Nationalism and Woodrow Wilson’s New Freedom were Progressive platforms designed to address issues associated with big businesses and banks, but they proposed different methods for doing so. Roosevelt’s New Nationalism sought a strong federal government to regulate corporations and ensure the public interest was protected, emphasizing the need for government intervention in the economy. Wilson’s New Freedom, on the other hand, advocated for a smaller federal government, suggesting that the best way to protect the public was by ensuring competition among businesses and reducing the influence of large corporations and monopolies.
One similarity between the two was their commitment to reform; both platforms aimed to curb the power of big businesses and protect the rights and welfare of individuals. However, the key difference lay in their approach to government intervention. Roosevelt believed in robust federal authority to enact reforms, while Wilson favored a more laissez-faire approach, trusting the market to maintain fairness under reduced governmental oversight.