What Impact Did The Federal Reserve Have On The Economy

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As Ronald Reagan once said, “There can be no security anywhere in the free world if there is no fiscal and economic stability within the United States.” This quote highlights the importance of economic stability in shaping the course of American history. Events such as the Civil War, the New Deal, and the creation of the Federal Reserve were all crucial in establishing and maintaining economic stability in the United States. These events have had a profound impact on the country’s economic landscape and continue to shape its future.
The declaration of the Civil War is one of the most important events in American history due to its significant impact on the country's development. The Civil War, which lasted from 1861 to 1865, was fought over …show more content…

Established by an act of Congress in 1913, the Federal Reserve System had several goals, including stabilizing the economy, regulating the money supply, and preventing bank failures. The Federal Reserve has played a vital role in the country's financial system, and its policies have had a significant impact on the economy over the years. Its creation was a major step towards establishing a more stable and secure financial system in the United States. The Federal Reserve System has not met its goals of greater stability and low inflation, which is just further examples of the problems with it. Unfortunately, it was also created for the purpose of making credit more readily available, which drives the country further into debt. The Federal Reserve is a scam and the cause of wars, boom-bust cycles, inflation, depression, and prosperity. As it was planned and created by the richest and most powerful people of that time, it was evident that the primary goal was to secure more money for the rich. The Federal Reserve also has the ability to create money from nothing and that it causes economic instability, and drives up inflation. This is shown because there is no actual money held at the location as with banks, and instead they print more money even when there is no new income in the …show more content…

The Declaration of Independence was a statement of principles and ideals, but it did not immediately change the reality for many Americans. Although it announced America’s desires, it did not actually do anything. There have been many other events in American history that have had a more profound impact on the lives of its citizens. This event did not bring about any tangible change for Americans. While the Declaration of Independence laid the foundation for these changes, it was not the most important event in American history. Additionally, it is seldom followed and frequently reinterpreted, causing it to hold very little although it is a wonderful foundation that we should follow more. It is important to recognize and celebrate the progress that has been made, but looking at the facts, this did not do