Question

When he became president, Woodrow Wilson was concerned that banks

A.) did not involve themselves enough in the US economy.
B.) had too much influence in US politics.
C.) were suffering from too much competition.
D.) had too much control over the nation’s credit system.

Answer 1

The correct option is B) Had too much influence in US politics.

When he became president, Woodrow Wilson was concerned that banks had too much influence in United States politics.

Woodrow Wilson was a progressive politician who believed in more power for the people of the country. When he became the President he understood the huge influence banks and powerful corporations had over politicians and policies.

In this regard he took 2 very important steps:

1. He lowered tariffs to help the general consumer and provide a better environment for competition and growth. This would help in controlling the growing monopolies in the country.

2. He created the Federal Trade Commission in order to provide greater fairness and competition

Answer 2

Answer:

B

Explanation: