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19h 25min, jun 3, 1914 y - Federal Reserve Act

Description:

|MONEY| Gold standard → ‘federal bank notes’ (dollar bills) still used today |BANKS| Instead of republican proposal of one private national bank, made 12 district banks supervised by federal reserve board |GOAL| remove corruption of private banks monopolized by wall street investors and shift power to the people

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AP US History

ByZoe
10 May 2018
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1508

Date:

19h 25min, jun 3, 1914 y
Now
~ 111 years ago
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