Question

When he became president, Woodrow Wilson was concerned that banks
did not involve themselves enough in the US economy.
had too much influence in US politics.
were suffering from too much competition.
had too much control over the nation’s credit system.

Answer 1

had too much control over the nation’s credit system.

Wilson backed the Federal Reserve Act (1913) to decentralize and regulate banking, create an elastic money supply, and reduce the power of private banks over national credit.