What law was passed by Congress to prevent financial panic's?

History

2 answers:

bija089 [108]4 years ago

4 0

The correct answer is "The Federal Reserve Act."

<em>The law that was passed by Congress to prevent financial panics was The Federal Reserve Act.</em>

On December 23, 1913, President Woodrow Wilson signed into law the Federal Reserve Act.

After people live fearful moments during the so-called Panic of 1907, where the New York stock market suddenly fell and scared bankers, the US government recognized the necessity of having a Central Bank. So President Wilson authorized the creation of the Central Banking System and the Fd¿ederal Reserve System.

kherson [118]4 years ago

3 0

The federal reserve act

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In a paragraph of no less of 5 sentences explain how Edgar a guest poem "you" expresses the idea that our character is determine

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The main idea of success by Edgar A. Guest can be explained with respect to how our character is determined by our conscious choices is that everything we want or want to become depends on us which depends on our character or attitudes towards it.

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