Previous to the 1930's, the u. s. government did not actively govern the economy. in response to the great depression, the united states congress created a central bank for the united states. this system was designed to ward off inflation and to monitor the value of the american dollar. this central bank is called:

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Alina Richards

History

3 November, 20:54

Previous to the 1930's, the u. s. government did not actively govern the economy. in response to the great depression, the united states congress created a central bank for the united states. this system was designed to ward off inflation and to monitor the value of the american dollar. this central bank is called:

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Tyshawn Ochoa · Answer 1

In 1913, President Woodrow Wilson signed the Federal Reserve Act which created the Federal Reserve Bank of the United States which would monitor and regulate the Dollar.