During Woodrow Wilson's presidency, several economic reforms were passed that aimed to regulate and reform certain aspects of the economy. One of the most significant reforms was the creation of the Federal Reserve System in 1913, which established a central banking system to regulate the nation's money supply and maintain stability in the financial system. This reform was crucial in providing a flexible currency and promoting economic growth. Additionally, Wilson signed the Clayton Antitrust Act in 1914, which aimed to prevent unfair competition by regulating business practices, mergers, and monopolies. These reforms had a long-lasting impact on the economy and laid the groundwork for future economic regulations.
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During Woodrow Wilson's presidency, some economic reforms were passed to improve the economy. One important reform was the creation of the Federal Reserve System in 1913. This system helped regulate the country's money supply and made sure the financial system was stable. Another reform was the Clayton Antitrust Act in 1914, which aimed to stop unfair business practices and prevent companies from having too much control. These changes had a positive impact on the economy and set the stage for future regulations.
