Defining Moment
1913
1913
Progressive Era to New Era Era
Defining Moment
What Americans Were Trying To Do
Reduce banking panics, provide elastic currency, and improve financial coordination.
What Happened
The Federal Reserve Act created a central banking system with regional Reserve Banks and a Board to manage currency, credit, and banking stability.
How Public Finance Made It Possible
Monetary public finance gave the country a tool for liquidity, payments, and crisis response.
What This EnabledAmericans benefited from a more organizeda lender-of-last-resort structure
How Americans BenefitedAmericans benefited from a more organizeda lender-of-last-resort structure
Anchor Events
Top 100 Building Events
