Explain the primary reasons for the establishment of the Federal Reserve System. Who established the Fed, and when was it create

Question

kotykmax [81]

3 years ago

11

Explain the primary reasons for the establishment of the Federal Reserve System. Who established the Fed, and when was it create

d?

Social Studies

2 answers:

Andrews [41] · Answer 1 · 2022-06-20T15:23:32+03:00

It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law

Andreas93 [3] · Answer 2 · 2022-06-20T17:16:15+03:00

Andreas93 [3]3 years ago

6 0

The Federal Reserve System was established in order to regulate banks and control the nations money supply. The Federal Reserve System was established by the US Congress in 1913.