<span>Congress passed the federal reserve act to create the federal reserve system, the central banking system of the united states. </span>
The first principal of Mercantilism was that all the money and wealth in the world were relatively static. The second principal of Mercantilism was that a country's wealth could be based on their fossil fuels, and resources. The third principal of Mercantilism was the striving belief that exports needed to be higher than imports.
Because they both wanted it's land.
