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RE: LeoThread 2024-09-23 13:02

in LeoFinance2 months ago

Wilson's political career began in 1880 when he was elected to the New Jersey state legislature. He later served as the governor of New Jersey from 1911 to 1913, before being elected as the President of the United States in 1912.

During his presidency, Wilson implemented several significant reforms, including:

  1. The Federal Reserve System: Wilson signed the Federal Reserve Act in 1913, which created the Federal Reserve System, the central banking system of the United States.
  2. The 16th Amendment: Wilson signed the 16th Amendment to the Constitution in 1913, which allowed for a federal income tax.