jan 1, 1913 - Wilson's attack on Triple Wall of Privilege

Description:

- Wilson tried to bring back Laissez-faire economy by attacking:
- Tarriffs (Passage of Underwood Tariff which lowered tariff and included a graduated income tax)
- Banking (Wilson proposed a national banking system supervised by Federal Reserve Board)
- Trusts (Clayton Antitrust Act strengthened the Sherman Antitrust Act's power to break monopolies)

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