Final answer:
Woodrow Wilson's 1912 program for reducing federal power in order to restore older forms of economic competition and equality of opportunity was known as the New Freedom.
Step-by-step explanation:
Woodrow Wilson's 1912 program for reducing federal power in order to restore older forms of economic competition and equality of opportunity was known as the New Freedom. This program aimed to regulate banks and big businesses, lower tariff rates to increase international trade, and promote competition in the interest of consumers. Wilson's New Freedom agenda included the passage of the Revenue Act of 1913, which lowered tariff rates, and the establishment of the Federal Reserve System through the Federal Reserve Act of 1913.