1913 Federal Reserve Act: Definition and Why It's Important
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On December 23, 1913, just two days before Christmas, President Woodrow Wilson signed the Federal Reserve Act into law. This monumental legislation created the Federal Reserve System, the central banking system of the United States, forever changing how money, interest rates, and financial panics were managed. It was the moment the U.S. government officially took control of the economy. #history #federalreserve #woodrowwilson #economics #1913 #americanhistory Disclaimer: Visuals in this video ar
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On December 23, 1913, just two days before Christmas, President Woodrow Wilson signed the Federal Reserve Act into law. This monumental legislation created the Federal Reserve System, the central banking system of the United States, forever changing how money, interest rates, and financial panics were managed. It was the moment the U.S. government officially took control of the economy. #history #federalreserve #woodrowwilson #economics #1913 #americanhistory Disclaimer: Visuals in this video ar
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