By December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law, it stood as a classic example of compromise--a decentralized central bank that balanced the competing intrests of private banks and populist sentiment.
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Not all southerners are republicans
Political instability the treaty of Versailles is what ended the world war I Germany was faced to pay reparations, take the blame and have there army shrunken and they lost their territory