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Who Is Woodrow Wilson's Progressive Reform?

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In 1912 election, Woodrow Wilson became second progressive President. His progressive reform policy was known “New Freedom”. With the democrats winning the elections, they accomplished their goals of: lowering the tariff. By lowering tariff would bring competition in American markets and break trusts. Sixteenth Amendment was passed by constitution to graduate the income taxes to recover looses. Reform in banking system was passed by Federal Reserve Act on Dec 23,1913. This will support loans to a private banks of interest and issue new type of paper Currency-Federal Reverse Notes- used for trade and supported by federal government. It was supervised by National Federal Reserve Boards, whose members are chosen by President. In 1914,

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