Upon taking office, Wilson authorized the imposition of Jim Crow within the federal bureaucracy. His first term was largely devoted to pursuing passage of his progressive New Freedom domestic agenda. His first major priority was the passage of the Revenue Act of 1913, which lowered tariffs and implemented a federal income tax. Wilson also presided over the passage of the Federal Reserve Act, which created the Federal Reserve System. Two major laws, the Federal Trade Commission Act and the Clayton Antitrust Act, were passed to regulate large business interests known as trusts.