When Woodrow Wilson became president in 1912 the most serious shortcoming in the countrys financial structure was that?

Woodrow Wilson, in full Thomas Woodrow Wilson, (born December 28, 1856, Staunton, Virginia, U.S.—died February 3, 1924, Washington, D.C.), 28th president of the United States (1913–21), an American scholar and statesman best remembered for his legislative accomplishments and his high-minded idealism. Wilson led his country into World War I and became the creator and leading advocate of the League of Nations, for which he was awarded the 1919 Nobel Prize for Peace. During his second term the Nineteenth Amendment to the U.S. Constitution, giving women the right to vote, was passed and ratified. He suffered a paralytic stroke while seeking American public support for the Treaty of Versailles (October 1919), and his incapacity, which lasted for the rest of his term of office, caused the worst crisis of presidential disability in American history.

Wilson’s father, Joseph Ruggles Wilson, was a Presbyterian minister who had moved to Virginia from Ohio and was the son of Scotch-Irish immigrants; his mother, Janet Woodrow, the daughter of a Presbyterian minister, had been born in England of Scottish parentage. Wilson was the only president since Andrew Jackson to have a foreign-born parent.

Naturally enough, the Presbyterian church played a commanding role in the upbringing of “Tommy” Wilson. The family left Virginia before his second birthday, as his father successively held pastorates in Augusta, Georgia, and Wilmington, North Carolina, and taught at the Columbia Theological Seminary in South Carolina. His uncle, James Woodrow, was the leading light of the seminary faculty, and after college the young man dropped his first name both to emphasize the family connection and because he thought “Woodrow Wilson” sounded more dignified. His father served during the Civil War as a chaplain with the Confederate army, and his church in Augusta was turned into a military hospital. The young Wilson was deeply affected by the horrors of the war.

Apparently dyslexic from childhood, Wilson did not learn to read until after he was 10 and never became a rapid reader. Nevertheless, he developed passionate interests in politics and literature. He attended Davidson College near Charlotte, North Carolina, for a year before entering what is now Princeton University in 1875. At Princeton he blossomed intellectually, reading widely, engaging in debate, and editing the college newspaper. While still an undergraduate, he published a scholarly essay that compared the American government with the British parliamentary system, a subject that he would develop further in his first book and apply in his own political career.

U.S. Presidents and Their Years in Office Quiz

The president of the United States serves a four-year term, and until 1951 a president had no limits on the number of terms. This quiz will show you the years a president served. You’ll need to identify the president.

Wilson, WoodrowLibrary of Congress, Washington, D.C. (cph 3c30978)

After graduation from Princeton in 1879, Wilson studied law at the University of Virginia, with the hope that law would lead to politics. Two years of humdrum legal practice in Atlanta disillusioned him, and he abandoned his law career for graduate study in government and history at Johns Hopkins University, where in 1886 he received a Ph.D.; he was the only president to have earned that degree.

Wilson’s doctoral thesis was also his first book, Congressional Government: A Study in American Politics (1885), which further developed his comparison between the American and parliamentary government and suggested reforms that would make the American system more efficient and more answerable to public opinion. Among his later works are a general analysis of government, The State: Elements of Historical and Practical Politics (1889); a history of the United States, Division and Reunion, 1829–1889 (1893); the five-volume A History of the American People (1902); and Constitutional Government in the United States (1908), in which Wilson elegantly set forth the modern view of the president as “the representative of no constituency, but of the whole people. When he speaks in his true character, he speaks for no special interest.”

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In 1885 Wilson married Ellen Louise Axson (Ellen Wilson), the daughter of a Presbyterian minister from Rome, Georgia, with whom he had three daughters, Margaret, Jessie, and Eleanor. The marriage was warm and happy, although it was shadowed by Ellen’s bouts of depression and Wilson’s brief extramarital affair with Mary Allen Peck. Ellen’s death in August 1914 devastated Wilson with grief, which lifted only when he met and courted Edith Bolling Galt (Edith Wilson), whom he married in December 1915.

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Wilson was a professional academic before he became president. He began his career teaching history and political science at Bryn Mawr College in 1885 and moved to Wesleyan University in Connecticut in 1888. Two years later he went to Princeton, where he quickly became the most popular and highest-paid faculty member. In 1902 he was the unanimous choice to become president of Princeton. Wilson upgraded the university both financially and intellectually, and he attempted far-reaching reforms of both undergraduate and graduate education. Several of his policies were adopted, but his reforms for restructuring and democratizing the university ran afoul of opposition from faculty conservatives and wealthy alumni and forced him to abandon several of his key plans.

Meanwhile, the publicity that Wilson had generated as Princeton’s president attracted the attention of conservative kingmakers in the Democratic Party, who offered him the 1910 nomination for governor of New Jersey. Wilson resigned from the university, and, artfully turning the tables on his patrons, he won the governorship with a dynamic, progressive campaign. Once in office he put his earlier ideas about parliamentary practices to work in implementing a sweeping reform program that gave him a national reputation and made him a contender for the Democratic presidential nomination.

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Prevailing at the 1912 convention after a hard struggle against better-entrenched rivals, Wilson entered into an exciting three-way race for president. Former president Theodore Roosevelt’s bolt to the Progressive (Bull Moose) Party had split the dominant Republican Party, a factor that allowed Wilson to be elected with only 42 percent of the popular vote but with an electoral college landslide of 435 votes to Roosevelt’s 88 and William Howard Taft’s 8. In that campaign, Wilson answered Roosevelt’s call for a “New Nationalism” with his own equally compelling vision of a “New Freedom.” Wilson was the first Southern-born president elected since the Civil War.