Answer:
Congress passed the Federal Reserve Act in 1913, when the US had functioned without a central bank since 1836 because it wanted to end the numerous financial crises faced by the nation since its founding.
Primarily, the Federal Reserve Act of 1913 created the central bank of the United States. Its purposes included the printing of currency, control of money supply, maximization of employment, and the minimization of inflation.
Explanation:
The nation needed to enjoy economic stability by having a central bank that executes the monetary policies of the Federal government. The Federal Reserve Act provided the United States government with a safer, more stable, and more flexible monetary and financial system. Since its establishment, it has worked to ensure the enthronement of an efficient national payments system, flexible money supply, and effective lending/borrowing mechanism to ease liquidity crises for the facilitation of investments and industrialization of the nation.
French and Indian war (also known as the seven years war), led tensions between the 13 colonies and Britian. This is because in this war france lost New France to the British. When taxes began to rise in the colonies and Americans were starting to rebel, French were happy to help since it would be a sort of revenge since losing their colony in North America.
Answer:
It benefited England the most because they earned lots of money, without doing any work for it and they got lots of free resources
cause and effect? Causation? reaction? are there any options given?
The lasting document, written in 1215, that <span>limits the power of rulers and was used by the colonists has an example of what government in America should be based on is known as Magna Carta Libertatum, or the Great Charter of Liberties.</span>
