ECONOMICS
FEDERAL RESERVE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1865
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1913
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1917
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1930
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Detailed explanation-1: -It took many months and nearly straight party-line voting, but on December 23, 1913, the Senate passed and President Woodrow Wilson signed the Federal Reserve Act.
Detailed explanation-2: -The 1913 Federal Reserve Act created the Federal Reserve System, known simply as “The Fed.” The Federal Reserve Act is one of the most influential laws shaping the U.S. financial system.
Detailed explanation-3: -The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law.
Detailed explanation-4: -The Founding of the Fed-FEDERAL RESERVE BANK of NEW YORK. After Alexander Hamilton spearheaded a movement advocating the creation of a central bank, the First Bank of the United States was established in 1791.
Detailed explanation-5: -Article Title. Andrew Jackson shuts down Second Bank of the U.S.