Answer:
Before the establishment of the Federal Reserve System, the West was faced with financial crises. There were instances ok which there were a form of crises which led to fears and worries by bank customers. The people ran to their banks to withdraw their deposits. The failure of one bank often had a ripple effect in which customers of other banks rushed to withdraw funds from their own banks even if those banks were not involved in the crisis.
Banks needed a source of emergency reserves to prevent customer fears and banks being driven out of business.
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.
Answer:problem solving skill
Explanation:Problem solving skills involves identifying what the problem is and then evaluating what proper solution may be to that problem or what can reduce that problem or completely eliminate it. A four year old figured out that the problem is that the ball is too small so it bounces all over the house however the larger ball may not bounce throughout the whole house.
Answer:The geography of the Arabian Peninsula affected its religious and cultural diversity because its location made it a center of trade, which led to the exchange of ideas. it's location made it a center trade, which led to the exchange of ideas.
Explanation:
