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THE FEDEEAL EESEKVE SYSTEM
By Henry Parker Willis, A.B., Ph.D.
The Federal Reserve Act, passed by Congress on December 23,1913, is the outcome of a discussion of banking conditions extending more or less sporadically over the years since the Civil “War, but assuming an increasing degree of urgency from and after the panic of 1893.
The JSTational Banking System had been established during the Civil War, partly as’the result of the Government’s financial nece… More >>
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