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Y_Kistochka [10]
3 years ago
5

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

History
1 answer:
madam [21]3 years ago
7 0

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.

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A country that has high political freedom typically offers high economic freedom low economic freedom a command economic system
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Political freedom (also known as <span>political autonomy</span> or political agency) is a central concept in history and political thought and one of the most important features of democratic societies.Political freedom was described as freedom from oppression or coercion, the absence of disabling conditions for an individual and the fulfillment of enabling conditions, or the absence of life conditions of compulsion, e.g. economic compulsion, in a society. Although political freedom is often interpreted negatively as the freedom from unreasonable external constraints on action, it can also refer to the positive exercise of rights, capacities and possibilities for action, and the exercise of social or group rights. The concept can also include freedom from "internal" constraints on political action or speech (e.g. social conformity, consistency, or "inauthentic" behaviour). The concept of political freedom is closely connected with the concepts of civil liberties and human rights, which in democratic societies are usually afforded legal protection from the state.

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