The Federal Reserve Act of 1913 in the Stream of U.S. Monetary History
10 Pages Posted: 31 Oct 2012
Date Written: 1988
Cursory histories of United States money and banking usually link the origins of the Federal Reserve System to the panic of 1907, to the Aldrich-Vreeland Act of 1908, and to the monumental work of the National Monetary Commission established by that act. It is probably more revealing to interpret the original Federal Reserve System as a key stage in a process of monetary and banking experimentation that dates back to the beginnings of the nation.
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