The US presidents’ programmes. Woodrow Wilson

Woodrow Wilson, the 28th President, was one of the outstanding personalities in the history of the USA. He achieved a great deal in economic policies and had a huge authority due to preserving the US neutrality during the First World War. Wilson’s programme of progressive economic reforms stipulated the reduction of customs barriers in external trade, the development and implementation of tax reform, and the establishment of the Federal Reserve System. In the early 20th century, the USA became the most developed country in the world. In 1919, Wilson was awarded the Nobel Peace Prize for the idea to set up the League of Nations.