1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aleksandr82 [10.1K]
3 years ago
7

The Federal Reserve Act of 1913 established the Federal Reserve System. What was the purpose of setting up the Federal Reserve S

ystem?
History
2 answers:
padilas [110]3 years ago
7 0

Before the Federal Reserve Act of 1913 was passed, many state and local banks, businesses and trust companies entered in bankruptcy and many investors were unsure of the safety of their bank deposits. The Act, then, was created to establish the central bank of the United States: the Federal Reserve System, with the purpose to establish and keep economic stability in the nation, through the management of the country's money supply, the supervision of monetary policy, the making of loans and the supervision and regulation of financial institutions practices.

zmey [24]3 years ago
3 0
The purpose was to make the economy and the military stronger, to do that, banks needed to be built, so, if the money was flowing was, that meant the economy was good, and more money was coming to the government. They can use that to strengthen the country defenses.
You might be interested in
Which statement about the India’s parliamentary system of government is correct?
Anni [7]

Answer:

A

Explanation:

6 0
3 years ago
Read 2 more answers
This political system is based on the rule of law
Lerok [7]

Answer:

C.)

Explanation:

In the rule of law, everyone has to follow the same laws without exceptions. Anarchy and oligarchy are not based on the rule of law by definition, because anarchy implies lack of organised society and oligarchy is governing for only the advantage of the wealthy. Although monarchy can be constitutional, in monarchies, the monarch can be both above the law and able to enact laws, preventing the rule of law. The same applies to democracy, with the exception that instead of the monarch, the majority of poeple enacts laws. Only the republic is intrinsicially based on the rule of law: in an ideal republic, the the law is above the interests of any particular societal group, but is enacted to safequard the rights of all groups, who are all obliged to obey it.

8 0
4 years ago
BRAINLIESTTT ASAP!!<br><br> Describe the South Africa proxy war.
kicyunya [14]

first here's the definition of a Proxy War : A proxy war is an armed conflict between two states which act or on behalf of other parties that are not directly involved in the hostilities. so the US government aided Africa even though they were not directly involved in the war themselves.

4 0
3 years ago
Which term refers to the idea that Southern states had the authority to make their own laws regarding slavery? A) secession B) s
Tresset [83]
States Rights............
4 0
3 years ago
Read 2 more answers
How did nationalism and sectionalism differ ?
gavmur [86]
Conflict between the north and south overwhelmed nationalist feelings and led the country to civil war.
6 0
4 years ago
Other questions:
  • Which consequence is intentional? choose the corret answer
    15·2 answers
  • Nubians did not use the Nile for trade because ____________ . a. of the cataracts c. they were not a mercantile society b. they
    14·1 answer
  • An intellectual contribution that the Mayans had in common with the Egyptians was use of _______________________ to create _____
    8·1 answer
  • 1.34 milligrams is the same as kg and g
    13·2 answers
  • How was rome's location advantages for the Romans? Please write as a 6th grader so i can understand
    9·1 answer
  • Which statement is true of the population of South Carolina
    7·2 answers
  • The treaty ending the Spanish-American war made the Philippines a U.S territory. What was another provision of the treaty?
    6·1 answer
  • I NEED THIS IN A HURRY PLEASE HELP ME
    15·1 answer
  • Cuneiform writing used wedge-shaped symbols to represent __________.
    15·1 answer
  • Yes ? Is right ? I need help, I don’t know if this is the answer
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!