Question

In a paragraph of 3-5 sentences, evaluate economic reforms passed during Woodrow Wilson’s presidency.

Answer 1

Answer:

The economic reforms passed during Woodrow Wilson’s presidency are federal trade act, creation of federal Reserve system and the Underwood Tariff Act.

Explanation:

His economic reforms were on Business, banking and tariff by establishing the federal reserve bank which made banking system in U.S more responsive to the national economy.

Tariff act helped to ensure low cost living in U.S. for middle class people. Also, the major source of income for the country became income tax for smooth operation of U.S government.

The three primary reforms made by Woodrow Wilson was later known as New Freedom in U.S .