Question

During his time in office, Woodrow Wilson passed several pieces of progressive reforms.

Answer 1

Answer: Banking system reform.

Explanation:

A reform that has had a positive impact on the banking sector in America. With this reform, a system of federal reserves was created so that the government gained more control over the monetary system and financial policy. Wilson signed this law in 1913.

Thus, twelve Federal Reserve banks made it possible to print money, thereby ensuring economic stability. In this way, unemployment was controlled, and a low inflation rate was maintained, which is necessary for a successful economic policy of a country.