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SVEN [57.7K]
3 years ago
14

According to the lecture, what was a major problem faced by banks in the West before the Federal Reserve System was established?

How did the system help solve this problem?
Social Studies
2 answers:
Sidana [21]3 years ago
8 0

Answer: Before the establishment of the Federal Reserve System, the West was faced with financial crises. ... This led to the set up of the Federal Reserve Act. The Federal Reserve System was created to tackle these banking issues and also to make possible fostering a sound banking system and healthy economy.

expeople1 [14]3 years ago
8 0

Answer:

Prior to the creation of the Federal Reserve System, the West experienced financial crises. This resulted in the creation of the Federal Reserve Act. The Federal Reserve System was established to address these banking concerns while also promoting a stable banking system and a balanced economy.

Explanation:

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a city, state, or nations social progress needs the right business environment

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Social and economic progress can go hand by hand.

A set of conditions is necessary for social progress to take place:

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On the same time, the role of institutions is to seek a social agenda, that enables goverment , banks and citizens to build trust in their community and work in coordination with the business and economic sectors that take place in that area.

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He was a french philosopher who developed a number of political theories in his spirit of the laws. Who is this philosopher?
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8 0
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a. Slow down and allow him to pass

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