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Reviewed on September 15, 2015 | Social Sciences
The Federal Reserve Act was signed into law in 1913 by President Woodrow Wilson. This important legislation launched the Federal Reserve System that created a centralized national bank and that continues to drive current U.S. monetary operations, banking credits, and economic policies with the goal of ensuring financial stability and resiliency in times of crises. Journalist Lowenste...Log In or Sign Up to Read More