Why did Congress pass the Federal Reserve Act in 1913, when the United States had functioned without
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Why did Congress pass the Federal Reserve Act in 1913, when the United States had functioned without a central bank since 1836?
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The passage of the Federal Reserve Act in 1913 was largely a response to the recurring financial panics and economic instability that plagued the Unit...View the full answer
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Related Book For 
Money Banking And The Financial System International Edition
ISBN: 978-1292000183
2nd Edition
Authors: R. Glenn Hubbard ,Anthony P Obrien
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