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President Wilson's New Freedom program, introduced in the early 1910s, aimed to address economic issues and promote social justice. Key components included the establishment of the Federal Reserve System to regulate the banking industry, the Federal Trade Commission to prevent unfair business practices, and the Clayton Antitrust Act to strengthen antitrust laws. Additionally, the New Freedom emphasized tariff reform and the reduction of monopolies to foster competition and support small businesses. Overall, the initiative sought to create a more equitable economic environment for all Americans.

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