Final answer:
Progressives advocated for increased federal government regulation to prevent unfair business practices and ensure fair competition and labor conditions, establishing various laws and agencies to this end. However, this approach raised concerns about potentially creating an overly powerful government.
Step-by-step explanation:
Progressives felt that the federal government should regulate more and prevent unfair business practices. The Progressive Era saw a push for the expansion of government oversight to rectify issues associated with large corporations and monopolies. These reforms were directed at promoting fair competition, safeguarding consumer safety through legislation like the Meat Inspection Act and the Pure Food and Drug Act, and ensuring fair labor conditions. Additionally, the establishment of a new Labor Department and the Federal Reserve were parts of the Progressive Movement's efforts to stabilize the marketplace and mitigate abuse of power by businesses.
Despite the support for these government interventions, there was concern that such measures could lead toward a more centralized and powerful government capable of controlling private enterprises. This concern stressed the delicate balance between combating undue corporate influence and preventing a potential slide towards socialism.