In a paragraph of 3-5 sentences, evaluate economic reforms passed during Woodrow Wilson's presidency.

Answer: During Woodrow Wilson's presidency, he was able to pass three economic reforms namely, the Federal Trade Act, the Underwood Tariff Act and the Federal Reserve Act. The Federal Reserve act eventually created a central banking system in the US and afforded the right to issue Federal Reserve notes now known today as the US dollar. This Act also required that all nationally chartered banks become members of the Federal Reserve System.

Answer: Wilson had pledged three primary reforms on business, tariffs, and banking. These eventually became known as the "New Freedom." The results of his efforts were the passage of the Federal Trade Act, the Underwood Tariff Act, and the creation of the Federal Reserve System.