1. THe Federal Reserve
... forth proposals to create an institution that would counter financial disruptions of these kinds. After much debate, Congress passed the Reserve Act, which was signed into law by President Woodrow Wilson, on December 23, 1913. The Act stated that its purpose was to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of discounting ... ...
- Word Count: 2737
- Approx Pages: 11
- Has Bibliography
- Grade Level: Undergraduate