In a paragraph of 3–5 sentences, evaluate economic reforms passed during Woodrow Wilson’s presidency..
1 answer
During Woodrow Wilson's presidency, several economic reforms were passed that had a significant impact on the nation. One of the most notable reforms was the creation of the Federal Reserve System in 1913. This central banking system improved the stability of the financial system and provided a more flexible currency supply. Another important reform was the passage of the Clayton Antitrust Act in 1914, which strengthened antitrust laws and curbed the power of monopolies. Furthermore, Wilson implemented the Federal Trade Commission (FTC) to regulate unfair business practices and promote fair competition. These economic reforms aimed to create a more fair and balanced economy, and their influence is still felt in the present day.