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How Did The Federal Reserve Start

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The Federal Reserve:
Research paper The Federal Reserve is a government established institution and is commonly referred to as The Fed. The Federal Reserve is the United States banking systems, which, was established in the 1900’s. Not many people understand how The Federal Reserve operates or what it is used for. People do not know much about The Federal Reserve besides that’s where the United States of America gets its currency made from.
1. When and why was the Federal Reserve started?
2. How is The Federal Reserve structured?
3. What responsibilities does The Federal Reserve have?
4. What are The Federal Reserve monetary policy basics?
5. How is the Federal Reserve operating in today’s economy?

Many people do not know any information on these five points. This research paper will help bring attention to and elaborate on these five points further.

When and why was the Federal Reserve started? …show more content…

This system was established many years ago and is still in effect and functioning today. The Federal Reserve was officially established after President Wilson signed off on “The Federal Reserve Act” which Congress had proposed in December 23, 1913 (Federal Reserve.gov). “The Federal Reserve act” gave power to The Federal Reserve to issue Federal Reserve notes which we know today as dollar bills. The Federal Reserve notes are to act as a means of exchange that is to help make the financial system in America more constant. The Federal Reserve helps bring several other benefits such as making the US dollar internationally recognized as currency. The Federal Reserve was established to help the fiscal issues the United States were facing and going to face in the

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