Why was the Federal Reserve created in 1913?

History

2 answers:

aliina [53]2 years ago

7 0

It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law.

denpristay [2]2 years ago

3 0

Answer:

Answer is option B.

Congress developed the Federal Reserve Act to establish economic stability in the United States by introducing a central bank to oversee monetary policy. ... The 1913 Federal Reserve Act, signed into law by President Woodrow Wilson, gave the 12 Federal Reserve banks the ability to print money to ensure economic stability.

You might be interested in

Belief in the ideas of enlightenment and discontent whitin the third estate were causes of the

o-na [289]

Belief in the ideas of enlightenment and discontent whitin the third estate were causes of the French Revolution.

3 0

2 years ago

What was the Catholic minority

Masja [62]

The Catholic minority group is a type of community that consists of little members. Due to the sheer number of numbers in the Catholic minority, it doesn't have that much influence in terms of their religion in the country compared to other dominant groups.

4 0

2 years ago

Which is an accurate description of monarchy?

Alexxx [7]

It would be d where a king or queen rules

4 0

2 years ago

Read 2 more answers

Vasco da Gama ...

Svetlanka [38]

Answer:

d. worked to protect native Americans and Africans from brutal treatment.