When he became president, Woodrow Wilson was concerned that banks

did not involve themselves enough in the US economy.

had too much influence in US politics.

were suffering from too much competition.

had too much control over the nation's credit system.

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History

Princess Cook

13 September, 18:02

When he became president, Woodrow Wilson was concerned that banks

did not involve themselves enough in the US economy.

had too much influence in US politics.

were suffering from too much competition.

had too much control over the nation's credit system.

+2

Answers (1)

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Lane Collier · Answer 1

Did not involve themselves enough in the US economy.

This was why he signed the Federal Reserve Act in 1913 to create the federal reserve system which could greatly impact the economy.

When he became president, Woodrow Wilson was concerned that banksdid not involve themselves enough in the US economy.had too much influence in US politics.were suffering from too much competition.had too much control over the nation's credit system.

When he became president, Woodrow Wilson was concerned that banks

did not involve themselves enough in the US economy.

had too much influence in US politics.

were suffering from too much competition.

had too much control over the nation's credit system.