We tend to think that this just started, but it seems this has been coming down the road for a long time, a long time. It was old and well on the way before Wilson.
"Some of the biggest men in the United States, in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere, so organized, so subtle, so watchful, so interlocked, so pervasive, that they had better not speak above their breath when they speak in condemnation of it." -- Woodrow Wilson