answersLogoWhite

0

The US Congress gave the power to the Federal Reserve in 1913 to control the cost and supply of money in response to financial panic.

User Avatar

Wiki User

11y ago

What else can I help you with?

Continue Learning about Economics

What is monetary union?

Monetary Union is where 2 or more countries, using different currencies merge their currencies. They may create a new currency, as they did in 1999 with the creation of the Euro.


What is a regulatory mechanism of the market system?

One market regulatory mechanism is consumer demand. People want one thing, and they want it safe, new, and cheap. Companies that provide the best succeed, those that create shoddy, unsafe, or expensive goods go out of business.


Advantages and disadvantages of a monetary economy?

That really depends on who you are.. if you're the 99,97 %, there are mostly disadvantages. It create scarcity and poverty, forces the worlds population into debt slavery.


What is money supply?

In economics the supply of money is its quantity. The supply of money in-turn is complementary to the demand for it. In monetary policy Central Banks can increase the quantity of money to create market stimulation for example.


Government economic policies to address problems resulting from the global financial crisis?

In response to the global financial crisis, governments implemented a range of economic policies aimed at stabilizing financial systems and promoting recovery. These included monetary policy measures, such as lowering interest rates and quantitative easing, to increase liquidity and encourage lending. Fiscal policies, such as stimulus packages and increased government spending on infrastructure, were also adopted to boost demand and create jobs. Additionally, regulatory reforms were introduced to improve oversight of financial institutions and prevent future crises.

Related Questions

What began to create independent agencies in the late 1800's?

Congress


How do independent regulatory agencies influence the U.S. government?

they independently create and enforce policies to monitor the economy


What doe regulatory agencies have the power to create?

constitutions


Why are independent agencies created?

Independent agency is a regulatory agency established by congress. Several different tasks are performed by independent agencies, It is a part of the government of the United States but works independently of the executive governmental departments. Independent agencies are responsible for keeping the government and the economy working smoothly.


Why did the congress create the equal employment opportunity commission?

Why did Congress create the Equal Employment Opportunity Commission?


The creation of the Interstate Commerce Commission in 1887 was due to?

In 1887, the first regulatory agency, the Interstate Commerce Commission, was created to regulate monopolistic pricing policies of railroads.


what did congress create election day in hope of ?

gjaworegijtuighnisrtgn rojgroihjtog peoigjtohjt oiwhgirhngpa otiughtonhb


Who can create or abolish federal departments?

Congress


Why did Congress create a navy?

Nevermind, I got it.


Who has the ability to create federal courts?

Congress


How do you create an independent operating system?

linus


What is monetary union?

Monetary Union is where 2 or more countries, using different currencies merge their currencies. They may create a new currency, as they did in 1999 with the creation of the Euro.