Question

Previous to the 1930's, the u.s. government did not actively govern the economy. in response to the great depression, the united states congress created a central bank for the united states. this system was designed to ward off inflation and to monitor the value of the american dollar. this central bank is called:

Answer 1

In 1913, President Woodrow Wilson signed the Federal Reserve Act which created the Federal Reserve Bank of the United States which would monitor and regulate the Dollar.