Answer: During Woodrow Wilson's presidency, he was able to pass three economic reforms namely, the Federal Trade Act, the Underwood Tariff Act and the Federal Reserve Act. The Federal Reserve act eventually created a central banking system in the US and afforded the right to issue Federal Reserve notes now known today as the US dollar. This Act also required that all nationally chartered banks become members of the Federal Reserve System.
Explanation:
Several economic reforms were passed during Woodrow's presidency these were
During Wilson's presidency, most of the economic reforms that he did were based on the business and the banking sector.
His economic reforms helped to make the United States banks to respond better to the economy of the US.
The tariff acts also helped to establish lower living costs for people in the United States.
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