Woodrow Wilson

Real World Example

Woodrow Wilson, the 28th president of the United States, played a significant role during the Progressive Era by implementing reforms to regulate big businesses and improve workers' rights. He established the Federal Reserve System to stabilize the economy and enacted antitrust laws to prevent monopolies, which helped create fairer markets. His actions mattered at the time because they aimed to reduce corruption and give more power to ordinary citizens. Today, his legacy persists in the continued operation of the Federal Reserve, which influences interest rates and helps manage economic stability. For example, when people see changes in mortgage rates, they can trace this back to Wilson's foundational work in shaping the central banking system.