Answered

Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

List each of the reforms that Wilson developed to address the Triple Wall of Privilege. Please list and explain each in one sentence.

1. Tariff Reform: Wilson implemented the Underwood Tariff Act, which significantly lowered tariffs to increase competition and reduce consumer prices.
2. Business Reform: The Clayton Antitrust Act was introduced to strengthen antitrust laws and prevent unfair business practices.
3. Banking Reform: Wilson established the Federal Reserve System to provide a safer, more flexible, and stable monetary and financial system.

Sagot :

GinnyAnswer

Final answer:

Wilson developed reforms like progressive taxation, the Federal Reserve System, and the Clayton Antitrust Act to tackle the Triple Wall of Privilege.


Explanation:

The reforms that Wilson developed to address the Triple Wall of Privilege were:

  1. Progressive Taxation: Wilson introduced the Revenue Act of 1913, instituting a progressive income tax to reduce the influence of the wealthy elites.
  2. The Federal Reserve System: Wilson signed the Federal Reserve Act in 1913, creating a decentralized banking system to regulate the money supply.
  3. Clayton Antitrust Act: This act aimed to limit the power of monopolies and protect small businesses and consumers from unfair business practices.

Learn more about Wilson's reforms to address the Triple Wall of Privilege here:

https://brainly.com/question/40862753


We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.