jan 1, 1913 - The Federal Reserve Act
Description:
In 1913, the Federal Reserve Act established the Federal Reserve System, creating a central bank for the United States. It aimed to bring stability to the country's financial system by regulating banks and introducing a more consistent currency through Federal Reserve notes. This Act was significant as it provided better control over monetary policy and helped prevent banking crises.Added to timeline:
Date:
jan 1, 1913
Now
~ 113 years ago