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President Woodrow Wilson's New Freedom plan aimed to promote economic reform and reduce the power of monopolies in the early 20th century. 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 implementation of tariffs and income tax reforms to support small businesses and consumers. Wilson sought to create a more equitable economic landscape that fostered competition and limited corporate influence in government.

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1w ago

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