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 was the most populated religion in Africa<br> A. christianity <br> B. islam<br> C. Hinduism
IRINA_888 [86]

Answer:

b because islam spread through africa

7 0
3 years ago
Read 2 more answers
HELP PLZZZ HHELP HELP HELP
Aleksandr-060686 [28]

Answer:

eraabromajjajajajajjaja

Explanation:

siquereis   pudese reporattme

7 0
2 years ago
What does the quote from Pericles suggest about Athens?
Bumek [7]

Answer:

philosopher Socrates believe about the world

Explanation:

That the world was going to change and poverty

6 0
2 years ago
Why is the expert testimony of a forensic scientist so convincing?
notsponge [240]
The expert testimony of forensic scientists are convincing because they use state of the art and cutting edge methods to determine different factors which is their job. They are able to tell, based on a fingerprint, to whom this fingerprint belonged, given that these people have the fingerprints in the first place in a database.
8 0
3 years ago
Read 2 more answers
2. Why might Chinese people hesitate to speak out against China's one-child policy?
Liula [17]

Becuase one child is enough

7 0
3 years ago
Other questions:
  • During which period in Egyptian history were the Great Pyramids built?
    12·1 answer
  • Kievs importance to Russian society can be best illiterated by
    6·1 answer
  • One of the duties assigned to the Dominicans was to preach to city dwellers about what topic
    14·1 answer
  • Which statement describes an absolute monarchy?
    6·2 answers
  • The powers not given to the United States are reserved to the ___ or to the people. presidents states politicians governors char
    6·1 answer
  • How has the development of spoken language influenced people development of skills and religious beliefs
    12·1 answer
  • What role did Abraham Lincoln play in the Mexican American war
    7·1 answer
  • What event involved the Maine motivates the United States to go to war with Spain
    14·1 answer
  • All of the following countries are considered “developing,” except
    10·2 answers
  • What did King Nebuchadnezzar do to Judah?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!