Search results
We did not find results for: Why was the Federal Reserve Act created?.
Check spelling or type a new query.
Yahoo Web Search
- Federal Reserve Act
Law created the Federal Reserve System, the central banking system of the United States
The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States. The Panic of 1907 convinced many Americans of the need to establish a central banking system, which the country had lacked since the Bank War of the 1830s. Wikipedia
