2 years ago

What was the Federal Reserve Act designed to prevent?

1 answer:

7 0

Answer:

Banks needed a source of emergency reserves to prevent the panics and resulting runs from driving them out of business. A particularly severe panic in 1907 resulted in bank runs that wreaked havoc on the fragile banking system and ultimately led Congress in 1913 to write the Federal Reserve Act.

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3 years ago

What was the government’s overall goal in passing the Indian Appropriations Acts?

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Answer: D. To give American Indians freedom to settle

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