dec 23, 1913 - Federal Reserve Act
Description:
Established the Central BankCreated the Reserve Bank and 12 regional banks controlled by the federal government
Established the Federal Deposit Insurance Corporation and Federal Trade Commission
Regulated trusts with the Clayton Antitrust Act
Stopped unfair trade and business
First time the US would have a national bank since Jackson destroyed the 2nd BUS
Added to timeline:
Date:
dec 23, 1913
Now
~ 110 years ago
