"An Act To provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes." — Federal Reserve Act (1913), Preamble
The Federal Reserve Act was a centerpiece of Wilson's domestic program known as the
- Acheck_circle
New Freedom
- B
New Nationalism
- C
Fair Deal
- D
Square Deal
Explanation
Wilson's New Freedom (1913–14) included the Federal Reserve Act, the Underwood Tariff (with income tax), and the Clayton Antitrust Act.