During Woodrow Wilson's presidency, several economic reforms were passed that aimed to address issues such as monopolies and inequality. One of the significant reforms was the Federal Reserve Act of 1913, which established the modern central banking system in the United States. It aimed to stabilize and regulate the nation's monetary system, which contributed to increased confidence in the banking system and facilitated economic growth. Another important reform was the Clayton Antitrust Act of 1914, which strengthened the Sherman Antitrust Act by prohibiting certain business practices that limited competition. Overall, these reforms played a crucial role in promoting fair competition, reducing economic inequality, and ensuring more robust financial stability in the nation.
