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.

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.

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jamuuj jamuuj · Answer 2 · 2018-08-15T12:58:21+02:00

Answer

Banks had too much influence in US politics.

Explanation

President, Woodrow Wilson was the US president who led United states through world war I. He was concerned that banks had much influence in United states politics. And that why be brought reforms on the banking industry. In these reforms they old system of banking which was uncontrolled private banks was done away with. He came up with the modern banking industry where by the system was made public. This means that it was under the control of the government.

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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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.