Tariff Reform Key Vocabulary

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Woodrow Wilson, the 28th U.S. president, led America through World War 1 and crafted the Versailles Treaty’s “Fourteen Points.” Wilson was the leading force in the Progressive movement. Wilson also created the Federal Reserve and supported the 19th Amendment, allowing women to vote. Wilson achieved significant progressive reform. Congress passed the Underwood-Simmons Act, which reduced the tariff on imports and imposed a new federal income tax. It also passed legislation establishing the Federal Reserve and the Federal Trade Commission. The Federal Trade Commission investigates and prohibits unfair business practices. During Wilson’s term he focused on three types of reform: tariff reform, banking reform, and business reform.
Tariff reform …show more content…

Woodrow Wilson was the 28th U.S. President from 1913-1921. Wilson was a leading Progressive, battling for a stronger central government and fighting for anti-trust legislation and labor rights.
Bureaucracy is a system of government in which most of the important decisions are made by state officials rather than by elected representatives. The Federal Reserve Act 1913 was signed by President Woodrow Wilson, gave the 12 Federal Reserve banks the ability to print money in order to ensure economic stability. The Federal Reserve Act intended to establish stability in the United States through the introduction of Central Bank, which would be in charge of monetary …show more content…

This meant a reformation was needed to be established. One such reformation was the Federal Reserve Act, signed on December 23,1913. The Federal Reserve Act served as a way to keep the interests of private banks and organized the Monetary Policy - “a decentralized central bank that balanced the competing interests of private banks and populist sentiment.” (Federal Reserve Education 10). This is saying that the new modification included a central bank that everyone was satisfied with. As a result, Wilson and his Bureaucracy succeeded in flourishing the American security and money. Additionally, this was very significant because it allowed the government to have more control towards the money in and out of the

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