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pickupchik [31]
3 years ago
15

Why did Congress pass the Federal Reserve Act in 1913, when the US had functioned without a central bank since 1836?

History
1 answer:
viktelen [127]3 years ago
5 0

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.

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3 years ago
¿Por qué la sociedad que surgió después de la revolución era más igualitaria, pero seguía siendo profundamente desigual en otros
Stolb23 [73]

La respuesta correcta para esta pregunta abierta es la siguiente.

Desafortunadamente, no especificas a qué país te estás refiriendo.

Hubo muchas revoluciones en el mundo y en Latinoamérica. La Revolución Francesa, la Revolución Rusa, la Revolución Mexicana. ¿A cuál te refieres?

Como no especificas a qué país te refieres, vamos a responder tu pregunta en términos generales.

¿Por qué la sociedad que surgió después de la revolución era más igualitaria, pero seguía siendo profundamente desigual en otros aspectos?

La sociedad que surgió después de la revolución era más igualitaria, pero seguía siendo profundamente desigual en otros aspectos, debido a que el movimiento revolucionario hizo posible la destitución de los dictadores que sólo favorecían la burguesía y a la aristocracia(los hombres del dinero), pero oprimían a la clase baja, que cada día se volvía más pobre.

Sin embargo, el hecho de que sacaran del poder a esos dictadores y autoritarios gobernantes, no significó un verdadero cambio en la calidad de vida de los indígenas revolucionarios o de los miembros de clase baja.

Lo que siguió a los movimientos revolucionarios fue una lucha interna por el poder, en la que los caudillos se pelearon entre sí por llegar al poder, olvidándose de las causas justas y nobles que en un principio los habían llevado a tomar las armas para derrocar a los gobiernos autoritarios.

Tristemente, la justicia, el empleo y la ayuda al campo, nunca llegó a los indígenas ni a la clase baja.

4 0
3 years ago
What are some theories about what happened to maine
mamaluj [8]

Answer:

.

Explanation:

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what is the main idea of LINER TITANIC KEPT AFLOAT BY WATER-TIGHT COMPARTMENTS BEING TOWED INTO HALIFAX, N.S.
KIM [24]

Answer:

One of the saddest facts about World War I is that millions died needlessly because military and civilian leaders were slow to adapt their old-fashioned strategies and tactics to the new weapons of 1914. New technology made war more horrible and more complex than ever before. The United States and other countries felt the effects of the war for years afterwards.

The popular image of World War I is soldiers in muddy trenches and dugouts, living miserably until the next attack. This is basically correct. Technological developments in engineering, metallurgy, chemistry, and optics had produced weapons deadlier than anything known before. The power of defensive weapons made winning the war on the western front all but impossible for either side.

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What effect did religious revivalism have on american music
Elodia [21]

The spirituals celebrated historical events, and reflected unique views of growing nation in a different way.

Explanation:

Religious revivalism means increase in spiritual interest or revival in the life of church worshipers.

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