Which act, passed in 1907, aimed to limit corporate financial contributions to political candidates?

The Tillman Act, passed in 1907, was a significant piece of legislation aimed at curbing the influence of corporate money in politics. It established a precedent for restricting the financial contributions of corporations to political candidates, recognizing the potential for corporate wealth to distort democratic processes. The act specifically prohibited corporations from making direct contributions to federal candidates, thereby attempting to mitigate the risk of corruption and ensure a more equitable political landscape.

Understanding the historical context is essential; this act was one of the first Congressional attempts to tackle the growing concern over the corrupting influence of money in politics, particularly in the wake of the immense wealth amassed by corporations during the Industrial Revolution. While other options mention different legislative efforts, such as labor relations or broader campaign finance, the Tillman Act directly addresses the issue of corporate contributions to candidates, validating its position as the correct answer in this case.