Final answer:
The Federal Farm Loan Act is the legislation passed during the Wilson years that provided aid to agricultural interests by allowing them to borrow money. Enacted in 1916, it was part of Wilson's Progressive reforms and is not to be confused with the Agricultural Adjustment Act of the New Deal era.
Step-by-step explanation:
The act of Congress passed during the Wilson years that helped agricultural interests to borrow money is the Federal Farm Loan Act. Signed into law in 1916, this act aimed to provide long-term credit to farmers at lower interest rates. It established twelve federal land banks which served as a significant source of credit to farmers who needed debt relief.
Under the administration of President Woodrow Wilson, the act was part of a wave of Progressive reforms intended to improve the economic stability of the agricultural sector and thus, it played a crucial role in addressing the financial challenges faced by farmers prior to the Great Depression era.
Another important act related to agriculture during this period was the Agricultural Adjustment Act (AAA), which was enacted later during the Roosevelt years as part of the New Deal to stabilize agricultural prices by reducing production. However, the AAA is distinct from the act passed under President Wilson to aid farmers in borrowing money and should not be confused with the Federal Farm Loan Act.