21h 24min, dec 15, 1913 y - The Federal Reserve System
Description:
This act was signed into law December 23, 1913. It was a law that established a central banking system in the United States. This made the US Dollar the legal tender for currency in the United States. This law was significant because it allowed the US government to regulate inflation and the US Dollar eventually became currency in many countries around the world.Added to timeline:
Date:
21h 24min, dec 15, 1913 y
Now
~ 112 years ago