What were some ways Wilson wanted to regulate the economy?

1 Answer
May 16, 2017

He supported a graduated income tax and the federal reserve system

Explanation:

Wilson accepted to sign a graduated income tax bill(which had been introduced by president Taft). He also agreed on regulations of the banking system by authorizing the creation of the Federal Reserve in the same year-1913. The Federal Reserve was assigned the issuing of the nation's money supply.

What did the Federal Reserve Act, signed into law in 1913 by President Wilson, accomplish?