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19-10-2021
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What was the Federal Reserve Act designed to prevent

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19-10-2021

Answer:

The 1913 Federal Reserve Act is legislation in the United States that created the Federal Reserve System. 1 Congress passed the Federal Reserve Act to establish economic stability in the U.S. by introducing a central bank to oversee monetary policy.

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19-10-2021

Answer: This Act was passed to prevent things like Finical Panics, and bankruptcies. It was basically designed for economic stability.

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