This posting contains an APA formatted MS Word file containing a comprehensive study on the history of the Federal Reserve System, which answers such questions as: when the Fed was created, what did politicians think was the most important characteristic of such agency/institution?© BrainMass Inc. brainmass.com October 9, 2019, 8:15 pm ad1c9bdddf
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The Federal Reserve System is the central bank of the United States, and was founded by Congress in 1913 to provide the nation with "a safer, more flexible, and more stable monetary and financial system" (Federal Reserve Board, 2007, p. 1).
With our nation being plagued by numerous financial panics and bank failures that severely disrupted the economy during the nineteenth century and the beginning of the twentieth century, Congress in 1907 was prompted to establish the National Monetary Commission, which put forth proposals to create an institution that would help prevent and contain financial disruptions of this kind. After considerable debate ...
This posting contains an APA formatted MS Word file containing a comprehensive study on the history of the Federal Reserve System.