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Woodrow Wilson Elected

1912

Woodrow Wilson was elected the 28th President of the United States in 1912.

Ratification of the 16th Amendment

Feb 3, 1913

After being passed by Congress in July of 1909, the 16th Amendment which allows the government to impose a Federally regulated income tax on its citizens was ratified officially ratified on February 3rd of 1913.

Woodrow Wilson Inaugurated

Mar 4, 1913

After being elected Woodrow Wilson was inaugurated into the office of president on March 4th, 1913.

Underwood Simmons Act Signed into Law

Mar 5, 1913

The Underwood Simmons Act, an act that re-established the federal income tax and significantly lowered tariff rates in the united states, was passed by the 63rd Congress of the United States and was signed into law by President Wilson in 1913.

Wilson's "Tariff Address"

Apr 8, 1913

On April 8th, 1913, President Wilson personally addresses congress, speaking about his want to readdress tariffs in the United States. This formally shows that Wilson would stay true t his campaign promise of "economic reform".

Federal Reserve Act of 1913

Dec 23, 1913

Signed into Law in 1913, the Federal Reserve Act introduced a central US bank that was able to oversee monetary policy . Monetary Policy: The Fed's system of helping to control inflation by Reducing Interest Rates, Changing local banks Reserve Requirements, and the buying and selling of government bonds.

World War I During Wilson's First Term

Period: Jul 28, 1914 to Mar 4, 1917

Federal Trade Commision Act

Sep 14, 1914

The Federal Trade Commission Act which helps to ensure the integrity of the US economy and protects US consumers from large companies, created and empowered the FTC to pass and enforce acts that protect the American consumer and the Government of the United States.

Clayton Antitrust Act

Oct 15, 1914

The Clayton Antitrust Act which was written to prevent the economic stability of the middle and lower class citizens of the United States was signed into law in October of 1914. Impacts:
- Prohibits Anticompaetitive Mergers
- Prohibits Discriminatory Pricing
- "Unethical Corperate Behavior"

Federal Farm Loan Act Passed

Jul 17, 1916

The Federal Farm Loan Act, which aimed at increasing the credit of small rural farmers and in turn protecting the agricultural division of the United States economy was passed on July 17th of 1916.

Woodrow Wilson Inaugurated for the Second Time

Mar 4, 1917

After being relected Woodrow Wilson was inaugurated into the office of president for the second time on March 4th, 1917.