In a paragraph of 3-4 sentences, evaluate economic reforms passed during Woodrow Wilson’s presidency.

Answer 1

During Woodrow Wilson's presidency, several economic reforms were passed that aimed to address the issues of monopolies and unfair business practices. One of the major reforms was the creation of the Federal Reserve System in 1913, which brought stability to the country's banking system. The Clayton Antitrust Act of 1914 was also enacted, which strengthened antitrust laws to prevent the concentration of economic power in industries. These reforms were significant in laying the foundation for a more regulated and fairer economy.