During Woodrow Wilson's presidency, several economic reforms were passed with the aim of promoting fair competition and protecting the rights of workers. One of the key reforms was the Clayton Antitrust Act of 1914, which strengthened the existing antitrust laws and aimed to prevent monopolistic practices. Another important reform was the Federal Trade Commission Act, which established the Federal Trade Commission to regulate business practices and investigate unfair methods of competition. Additionally, Wilson implemented the Federal Reserve Act in 1913, which created a central banking system to provide stability to the nation's financial system. These economic reforms were significant in their efforts to curb monopolies, regulate business practices, and establish effective banking regulations.
