The History of the Federal Reserve System
A review of the role that the Federal Reserve System has played in the history of the United States.
# 133152 | 3,750 words | 8 sources | MLA | 2007 |
Published on Dec 01, 2007 in Business (Finance, Investment and Banking) , Political Science (U.S.) , Political Science (Fiscal Policy (economy))
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This study examines the nature of the Federal Reserve System, the push towards centralized banking in the United States, the Panic of 1907, the evolution of the Federal Reserve during the 20th century, and the future of the institution. The aim is to highlight the significant role that the Federal Reserve System has played in the history of the United States since its creation.
From the Paper:"The Federal Reserve System is one of the most powerful, if not the most powerful, financial institutions in the United States. Alan Greenspan explains that in order to protect the health of the economy, the Federal Reserve must "recognize and respond effectively to the inevitable surprises placed in our path by a constantly evolving and highly dynamic economy" (Greenspan 168). It was created in the early years of the 20th century as the third attempt by legislators and bankers to devise a workable centralized banking system for the nation. In the sense that the..."
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