What were key changes made to the economy by the federal reserve act of 1913

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Sadie Floyd

History

27 June, 20:37

What were key changes made to the economy by the federal reserve act of 1913

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Bumpkin · Answer 1

The 1913 Federal Reserve Act was U. S. legislation that created the current Federal Reserve System and introduced the Central Bank ... Before 1913, financial panics were common occurrences because investors were unsure of ... gave the 12 Federal Reserve banks the ability to print money to ensure economic stability.