20 May, 07:40
The federal reserve system was created in 1913 to
20 May, 08:29
"The Federal Reserve System established"
It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises
20 May, 08:30
to provide the nation with a safer, more flexible, and more stable monetary and financial system
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