Which program in Wilson's "New Freedom" Agenda established a Federal Reserve System aimed at reforming the banking system by having broad powers over the supply of money and credit?Responses

Clayton Antitrust Act

Federal Reserve Act

Federal Trade Commission Act

Keating-Owen Act

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Answer 1
Answer:

Federal Reserve Act is Wilson's "New Freedom" Agenda established a Federal Reserve System aimed at reforming the banking system by having broad powers over the supply of money and credit.

What program is in Wilson's New Freedom agenda?

With his program for economic change, "the New Freedom," Woodrow Wilson asserted his position within the Progressive movement. At the end of 1913, Congress approved this program, which also included the introduction of the income tax and improvements to banking, labour, and tariff policies.

What was the focus of Wilson's New Freedom Plan?

By battling the tariff, banks, and trusts—what Wilson referred to as the Triple Wall of Privilege—the New Freedom aimed to realize this vision. Tariffs benefited huge industries at the expense of small farmers by protecting them. The Underwood-Simmons Act, which lowered tariff rates, was enacted by Wilson in 1913.

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