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11 August, 01:50

The Federal Reserve System was born out of a compromise between which

two sets of interest groups?

A. States' rights advocates and Federalists

B. Farmers and manufacturers

C. Union leaders and fiscal conservatives

D. Bankers and populists

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Answers (1)
  1. 11 August, 02:27
    0
    Option D

    Explanation:

    1913: The Federal Reserve System is Born

    By December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law, it stood as a classic example of compromise-a decentralized central bank that balanced the competing interests of private banks and populist sentiment.
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Home » History » The Federal Reserve System was born out of a compromise between which two sets of interest groups? A. States' rights advocates and Federalists B. Farmers and manufacturers C. Union leaders and fiscal conservatives D. Bankers and populists
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