What was the purpose of the Federal Reserve Act?

History

2 answers:

Nataliya [291]2 years ago

8 0

Answer:

to create a central authority to supervise banks

Explanation:

The Federal Reserve Act of 1913 set up the Federal Reserve System as the national bank of the United States to give the country a more secure, increasingly adaptable, and progressively stable fiscal and money related framework. The law sets out the reasons, structure, and elements of the System just as layouts parts of its activities and responsibility. Congress has the ability to change the Federal Reserve Act, which it has completed a few times throughout the years.

ziro4ka [17]2 years ago

6 0

to create a central authority to supervise banks

You might be interested in

Why did some people prefer not to accept help from the government with the dust bowl?

omeli [17]

Answer:

The severe drought and dust storms had left many homeless; others had their mortgages foreclosed by banks, or felt they had no choice but to abandon their farms in search of work. Many Americans migrated west looking for work.

Explanation:

I may be wrong

7 0

2 years ago

What battle ended the Revolutionary war and how?

Stels [109]

Answer:

The last battle of the war was the Siege of Yorktown. The Continental Army sorrounded the British fortified position and the French ships blasted it from the sea. It ended with the surrender in the field of the British commander Gen. Charles Cornwallis on October 17, 1781.

Explanation:

3 0

3 years ago

According to the article, what was bin Laden’s most significant grievance against the United States?

irina1246 [14]

<span>The United States had troops in Saudi Arabia</span>

4 0

2 years ago

Write a short paragraph expressing your ideas about the Chinese and silk prodution. why do you think they so carfully guarded th

ss7ja [257]

The reason is quite simple, this allowed them to monopolize the production and trade of silk and its trade. Because they were able to monopolize its production they could charge whatever price they wanted since they had no competition that would offer lower prices. This made them a lot of money and as they started developing the Silk Road they not only traded silk but several other products and even slaves between Asia and Europe.

4 0

3 years ago

Read 2 more answers

The idea of farming took shape in one region only and then spread to the rest of the world over thousands of years. true or fals

denis-greek [22]

<span>I doubt it. Most of the world was undiscovered by the other. Once the explorers did discover the other regions, they brought with them the seeds of the fruits and vegetables of the area and spread it around Potatoes and corn and tobacco were cultivated by the Aztecs I believe. Pineapple from Hawaii. Kiwi fruit from New Zealand.</span>

6 0

2 years ago

Read 2 more answers