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Restricted money flow Stopped lendie
monetary policy
The Federal Reserve is responsible for managing the money supply in the U.S.
The Federal Reserve Act's policy is to consider the American economy above all official decisions. Founded in December 1913, it is what balances if not drives the Federal Reserves System.
The federal reserve banks did wellduring the depression due to regulations. The bank ended the depression
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The Federal Reserve.
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Theoretically it was to to bring federal oversight to a largely unregulated banking industry, which had experienced severe booms and busts over the previous century. In fact, the Great Depression occurred after the creation of the Federal Reserve and many economists beileve that mistakes made by the Federal Reserve created or worsened the Great Depression. The Dollar has lost most of its value since the inception of the Federal Reserve. Historcal fact suggests that the Federal Reserve has been a destabilzing force in the U.S. and world economy.
president herbert hoover federal reserve
Restricted money flow Stopped lendie
monetary policy
One of the first things President Hoover did to combat the effects of The Great Depression was to try to get the Federal Reserve Act repealed. The Federal Reserve Act set limits on how much money the Reserve could release into the economy.
They were made during the Great Depression when Franklin Delano Roosevelt was president. During the depression, the only way to rebuild America was to lend people money. This is when dollar bills were made, called Federal Reserve Notes. This was they way that put the Great Depression to an end. (check a dollar bill and you'll see federal reserve note on the top)
The Federal Reserve Act's policy is to consider the American economy above all official decisions. Founded in December 1913, it is what balances if not drives the Federal Reserves System.
The Federal Reserve is responsible for managing the money supply in the U.S.