During Woodrow Wilson's presidency, he made important economic reforms that helped businesses and workers. He believed that "small farmers and businesses were hurt by tariffs" and worked to lower them with the Revenue Act of 1913, which "lowered or eliminated many tariffs." Wilson also created the Federal Reserve Act, which set up a federal banking system that still works today. He supported the Clayton Antitrust Act, giving the government more power to break up monopolies and trusts, thus providing "more equal opportunities for all businesses." Lastly, Wilson signed the Adamson Act, establishing an eight-hour workday for railroad workers, which was important because it "averted a national railroad strike" that could have hurt the economy.
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Woodrow Wilson
Early Life
Woodrow Wilson was an idealist and scholar. He graduated from Princeton University. His early career was in academics. Wilson was a political science professor and then president of Princeton. As he gained a reputation at Princeton, the Democratic Party took notice. He would become governor of New Jersey and eventually be the Democratic presidential nominee in 1912. The split in the Republican Party allowed Wilson to win the presidency.
Progressive Legislation
Once he assumed office in March of 1913. Wilson quickly got to work. He met with Congress to outline his New Freedom policies. He called a special session of Congress to quickly address the tariff issue. Wilson felt that small farmers and businesses were hurt by tariffs. He wanted to restore a competitive market by reducing tariffs and eliminating trusts. The special session resulted in the Revenue Act of 1913 or the Underwood Tariff. The act lowered or eliminated many tariffs.
Progressive Legislation
Once he assumed office in March of 1913, Wilson quickly got to work. He met with Congress to outline his New Freedom policies. He called a special session of Congress to quickly address the tariff issue. Wilson felt that small farmers and businesses were hurt by tariffs. He wanted to restore a competitive markel by reducing tariffs and eliminating trusts. The special session resulted in the Revenue Act of 1913 or the Underwood Tariff. The act lowered or eliminated many tariffs.
Wilson would also help pass the Federal Reserve Act to establish a federal banking system. This act is still the framework for the regulation of banks, credit, and money supply. During his term, the Clayton Antitrust Act was also passed. This act expanded the government's power to dismantle monopolies and trusts. providing more equal opportunities for all businesses. Wilson worked to protect the rights of workers. He also signed the Adamson Act of 1916. This act established an eight-hour workday for railroad workers. The act was important because it averted a national railroad strike and ensured workers were paid appropriately for overtime. A strike would have weakened the economy and prevented the production of wartime goods.
In a paragraph of 5 sentences, evaluate economic reforms passed during Woodrow Wilson's presidency. Quote evidence from above and use write it in a 6th grader’s response
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