Woodrow Wilson proposed the "New Freedom" program during the American presidential election of 1912. It called for minimal federal government intervention in business after imposing regulations that limited monopolies.
Wilson's New Freedom platform also proposed constraint on corporate campaign contributions, reform of banking laws and the institution of new antitrust regulations. The 1912 presidential election had three candidates. Both Republican incumbent William Howard Taft and former president and Progressive party nominee Theodore Roosevelt ran against Wilson, a Democrat. At the end of the election, Wilson carried 40 states in the electoral college. Roosevelt won eight states while Taft took only two. Wilson also won the plurality of popular votes, with almost 42 percent.