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Essay

Banking System

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Issue:

Business

 

Written by:

Jason W

 

Date added:

December 4, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1155

 

Was viewed:

3314 times

 

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Essay content:

During the last quarter of the 19th century and the beginning of the 20th century the United States economy went through a series of financial panics. One of the most severe panics, in 1907, made it clear that there was a need for renewed demands for banking and currency reform. The following year Congress enacted the Aldrich-Vreeland Act which provided for an emergency currency and established the National Monetary Commission to study banking and currency reform...
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The following year Congress enacted the Aldrich-Vreeland Act which provided for an emergency currency and established the National Monetary Commission to study banking and currency reform. The Federal Reserve System, aka the Federal Reserve or The Fed, is the central banking system of the United States...
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