The presidency of Woodrow Wilson began on March 4, 1913 at noon when Woodrow Wilson was inaugurated as president of the United States, and ended on March 4, 1921. Wilson, a Democrat who previously served as the governor of New Jersey, took office as the 28th U.S. President after winning the 1912 presidential election, gaining a large majority in the Electoral College and a 42% plurality of the popular vote in a four–candidate field. Despite grave doubts about his health and mental capacity, Wilson served the remainder of his second term and unsuccessfully sought his party's nomination for a third term. That same year, the President signed a law that established the Tariff Commission, which was charged with providing expert advice on tariff rates. Nonetheless, the policies of the Wilson administration had a durable impact on the composition of government revenue, which after the 1920s would primarily come from taxation rather than tariffs. Having passed major legislation lowering the tariff and reforming the banking structure, President Wilson next sought anti-trust legislation to supplant the Sherman Antitrust Act of 1890.
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