Question

in 3-5 sentences, evaluate economic reforms passed during woodrow wilsons presidency

Answer 1

Woodrow Wilson's presidency (1913-1921) was marked by significant economic reforms that aimed to address the needs of the American economy and reduce the influence of monopolies. Notable legislation included the Federal Reserve Act of 1913, which established a central banking system to provide greater financial stability and regulate monetary policy, and the Clayton Antitrust Act of 1914, which strengthened antitrust laws to combat anti-competitive practices. Additionally, the Federal Trade Commission (FTC) was created to prevent unfair business practices and promote consumer protection. Overall, these reforms represented a shift toward greater government intervention in the economy, reflecting Wilson's progressivism and desire to enhance the welfare of ordinary Americans.