Federal Reserve

The Federal Reserve: Does Money Matter? (2012)

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The Federal Reserve was originally created in 1913 as an emergency lender to banks--a sort of bank of last resort. The Banking Act of 1935 and the Fed Accord of 1951 broadened the powers of the Fed, widening the range of options and tools it could use to manage the economy.

Grade Level: 
High
Length: 
00:28
The Federal Reserve: Does Money Matter?