c) Woodrow Wilson

President Woodrow Wilson’s signing of the Federal Reserve Act in 1913 was a landmark moment in American financial history. The Act established the Federal Reserve System, the central banking system of the United States, in response to a series of financial panics, particularly the Panic of 1907. This system was designed to provide the country with a safer, more flexible, and more stable monetary and financial system. By creating a centralized bank, the Federal Reserve Act aimed to regulate the supply of money and thus ensure economic stability. Wilson’s decision reflected a progressive era belief in the need for expert management in government and finance.