Banking System

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Title: Banking System

Essay Details:

Subject: Business

Author: Bradley M

Date: October 27, 2013

Level: University

Grade: B

Length: 4 / 1155

Essay text:

During the last quarter of the 19th century and the beginning of the 20th century the United States economy went through a series of financial panics. One of the most severe panics, in 1907, made it clear that there was a need for renewed demands for banking and currency reform. The following year Congress enacted the Aldrich-Vreeland Act which provided for an emergency currency and established the National Monetary Commission to study banking and currency reform. The Federal Reserve System, aka the Federal Reserve or The Fed, is the central banking system of the United States. The system was created in 1913 by the enactment of the Federal Reserve Act...

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