This type of income tax is called a progressive or graduated which would rise with the amount of money that a person makes. This really helped the poor because they were taxed less than big business men were. Wilson helped the economy by instituting a Federal Reserve Bank. This bank was a system in which there would be twelve federal reserve banks all throughout the country...
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This bank was a system in which there would be twelve federal reserve banks all throughout the country. All national banks were required to join this system. This bank system made a compromise between private and public control. Wilson also added a tariff called the Underwood Tariff, which lowered the price on imported goods...
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