Explain the primary reasons for the establishment of the Federal Reserve System. Who established the Fed, and when was it created?

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Social Studies

Luke Bass

13 October, 16:59

Explain the primary reasons for the establishment of the Federal Reserve System. Who established the Fed, and when was it created?

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Alec Pena · Answer 1

It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law