Question

How did President Woodrow Wilson implement Progressive reforms in the banking industry?

A. He signed the Underwood-Simmons Act, which raised tariffs on goods that used child labor.

B. He signed laws preventing banks from loaning money to businesses that used child labor.

C. He signed the Clayton Act into law to ban banking monopolies.

D. He signed the Federal Reserve Act into law to establish a central bank.

Answer 1

C.

Step-by-step explanation:

President Woodrow Wilson implemented Progressive reforms in the banking industry through the creation of the Federal Reserve System, which established a central banking system and provided a more stable monetary and financial system for the country. Additionally, he signed into law the Clayton Antitrust Act, which aimed to prevent monopolies and promote competition in business.