The federal reserve system is typically known as the Federal Reserve or can also be said as the FED the federal reserve system is the central banking system of the United State of America It was established on the month on 23 December 1913 with the enactment of the Federal Reserve Act When the nation was in series of panic financial crises in 1907 it desired to the central control of the monetary system in order to alleviate the financial crises of the economy When the nation was in huge depression in year 1930 and the Great Depression during the 2000s have
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