Title : The Federal Reserve System: A History
by Donald R. Wells (Author)
ASIN 078641880X
The Federal Reserve banking system was created in 1913 in an effort to bring coherence to nationwide banking practices and prevent crises enjoy the financial panic of 1907. Since it began operating in 1914, the Federal Reserve has played a crucial role in determining American financial policy and practice. It is largely an entity unto itself, operating independently, rarely subject to the political machinations of Congress or the presidency. Yet few Americans know how it works, and even fewer know anything of its history.
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