Question

Why was the passage of Federal Reserve Act during Woodrow Wilson's presidency considered to be crucial?
A) It instituted the first income tax, which still exists today.
B) It settled disputes among Democrats and Republicans.
C) It imposed necessary controls on banks, and still exists today.
D) It won him great public admiration, securing his second term.
E) It made the United States the richest country in the world.

Answer

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