The Federal Reserve System is the central banking system of the United States. The primary motivation for creating the Federal Reserve System was to address banking panics. Other purposes are stated in the Federal Reserve Act, such as "to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States. It is what controls the money supply in the US.
Answer:
Rivalry
Explanation:
This can be seen from the beginning after WWII, the U.S.S.R. and the U.S.A. were competing with each other during the height of the Cold war for Ideological dominance in third world countries such as Korea, Vietnam, Afghanistan as well as Latin American guerrilla groups to name a few.
Answer:
Many people could not pay what they owed to banks,
Explanation:
Answer:
conflict,
drought,
famine, or extreme religious activity.
