Woodrow Wilson emerged as the progressive leader the Democrats needed to win the 1912 election. His platform, called the "New Freedom," advocated for reducing tariffs, establishing the Federal Reserve system, and strengthening antitrust laws. Wilson narrowly won the election in a three-way race against Republican incumbent William Taft and former president Theodore Roosevelt running as a third party candidate. His domestic reforms helped establish the modern progressive era, but Wilson struggled to maintain neutrality as World War I engulfed Europe.