What did Woodrow Wilson do that fundamentally changed the nation's banking system and is still utilized today?
A) He closed down all smaller state banks and reinstated the Bank of the United States that had been destroyed by Andrew Jackson.
B) He created the Federal Reserve System, which allowed the government to control the flow of money in the country.
C) He replaced the usage of greenbacks with payments of gold and silver coins.
D) He allowed J.P. Morgan to run the nation's banking system through his own personal bank.
Ans: B) He created the Federal Reserve System, which allowed the government to control the flow of money in the country.
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