Why do you think president wilson worked towards business and government reforms and not many of the social reforms?

I think it's because he realized that social stability need to be supported by good economy.

Even if you live in a society that socially or culturally appreciative toward you, people would still be suffering if the number of unemployment is high and many of them trapped in starvation. Because of this, Wilson worked toward business and government reforms to ensure that the country able to generate enough wealth.