Founding of the U.S. Federal Reserve

Citations (1)

• Princes of the Yen whole source · open book

  The Federal Reserve was founded only in 1913 and remains half privately owned. A reluctant Congress was finally persuaded to agree to its establishment based on the argument that the central bank could step in and bail out banks when a banking crisis occurs.

  chapter: 19. The Revival of the Reichsbank

  edit

  remove

People

• Richard Werner author of the source

Appears in 2 stories

• Paper money, central banks, and credit creation step 7
• Princes of the Yen: Japan built, bubbled, and broken step 6

Linked events (0)

Details