What was the federal reserve act designed to prevent?

Answers

Answer 1
It was created to prevent....
( Financial Panics )

Answer 2

Answer:

The Federal Reserve Act was designed to prevent financial crisis.

Explanation:

The Federal Reserve Act, passed by Congress on December 23, 1913 and signed by President Woodrow Wilson, is the law that created the Federal Reserve System.

Prior to the Federal Reserve Act, the United States had been without a central bank for nearly eighty years. However, after the financial panic in 1907, many financial families felt that banking reform was necessary to create a reserve currency for times of financial turmoil and that could expand and decrease in line with the needs of the national economy.

On the basis of strong recommendations by the bankers, the Aldrich-Vreeland Act was created in 1908. Based on that act, on January 9, 1912, the Commission submitted a report to Congress recommending changes in banking and currency laws. The report was named the Aldrich Plan, after Republican Senator Nelson W. Aldrich of Rhode Island. The plan was to coordinate the actions of twelve regional central banks, the National Reserve Associations, by a national board of commercial bankers. The twelve central banks would provide emergency loans to member banks, create money to provide a resilient currency, and act as fiscal agents for the United States government.  This was the plan adopted by the Federal Reserve Act.


Related Questions

How did conservative chinese leaders react to the first railroads built in china?

Answers

They didn’t want the railroads they liked shipping

How did installment plans affect the american economy in the 1920's?

Answers

Installment plans helped the American economy to grow during the 1920’s. As more modern appliances were being produced, installment plans helped people who were not rich to be able to purchase these items. Because the middle class was able to purchase these items, demand was high which created more jobs for people in factories and more opportunities for companies to grow.
Final answer:

Installment plans of the 1920s boosted the American economy by stimulating consumer spending and increasing production and employment in the manufacturing sector. However, they also created a cycle of debt that was exacerbated by the Great Depression.

Explanation:

The installment plans of the 1920s had a significant influence on the American economy. These plans allowed consumers to buy goods over an extended period of time without having to pay the full price upfront. The result was a surge in consumer spending which greatly stimulated the economy.

Companies and businesses benefited from increased sales. As the demand for products, like cars and household appliances, grew so did the production. This led to more job opportunities and a boom in the manufacturing sector.

However, these installment plans also ignited a cycle of debt. Many people were buying goods beyond their means leading to large amounts of personal debt. When the Great Depression hit in the late 1920s, many individuals defaulted on their installment plans amplifying the economic crisis.

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How did the outcome of the presidential election of 1876 lead to the compromise of 1877?

Answers

The Compromise of 1877 was a purported informal, unwritten deal that settled the intensely disputed 1876 U.S. presidential election. ... As president, Hayes removed the remaining troops from South Carolina and Louisiana.

What was the most effective opposition to the English laws on trade and taxes?

A. a boycott of British goods
B. passing laws of resistance in colonial assemblies
C. refusal to talk with the prime minister

WILL MARK BRAINLIEST!

Answers

A,) A boycott of British goods.

Answer:

I would go with answer A

Explanation:

What event led president wilson to begin to abandon his policy of neutrality during ww1?

Answers

They were a major reason why the United States gave up the policy of neutrality to enter world war I. Two of the primary reasons had to do with threats due to the offensive tactics from the Germans. The Germans began using U-Boats in the Atlantic Ocean.

Which country has been known for its extensive cedar, cypress, and pine forests? a. Lebanon c. Syria b. Cyprus d. Turkey

Answers

i believe the answer would be B.Cyprus

The correct answer B) Cyprus.

The country that is known for its extensive cedar, cypress, and pine forest is Cyprus.

Located in the Eastern Basin of the Mediterranean Sea, Cyprus is the third largest Island in the region. There are two mountain ranges in the Island, the Kyrenia Mountains and the Troodos Mountains. The Central plain is called Mesaoria, in the Middle of the ranges. This place is known for its extensive cedar, cypress, and pine forest that makes the region a beautiful place. Unfortunately, deforestation is affecting the forest as well as climate change.

 

Who first spurred american settlement of oregon?

Answers

i believe it's the American missionaries to Indians. I'm not 100 percent sure! I hope i have helped you!

The middle-class lifestyle of the Gilded Age featured

A. a return to classical ideals.

B. a reflection of rural values.

C. a new emphasis on acquiring goods.

D. renewed interest in controlling journalists.

Answers

i wanna say its B but im not 100 percent sure.

The correct answer is C. A new emphasis on acquiring goods

Explanation:

The Gilded Age was the period from the 1870s to 1900 in the U.S. during this period the economy and industrialization of the nation expanded, millions of immigrants arrive and wages rose, because of this, middle-classes that was the class that mainly work in industrialization had better life condition and this allowed some of them to accumulate goods and wealthy, and in general terms the middle-class lifestyle that was based on working at factories and receiving higher wages began supporting the ideas of acquiring goods especially innovative products or those that were exclusive from the high class, which was a new idea that has not been important to the middle class in previous centuries. Therefore, the middle-class lifestyle of the Gilded Age features a new emphasis on acquiring goods.

Why was bill of rights added to constitution to meet whose demands?

Answers

Anti-federalists wanted the Bill of Rights to protect peoples rights



Which two colonies did not declare their independence during the 1800s?

Answers

the US and the Spanish

Final answer:

The question seems to be based on a misunderstanding since all territories that were colonies in the 1800s eventually declared independence, albeit at various times.

Explanation:

The colonies that did not declare their independence during the 1800s were not the original thirteen colonies that declared independence from Great Britain in 1776, as these had already done so. The question might be referring to colonies that did not become independent during the wave of decolonization in the 19th century. However, based on historical records, every territory that was a colony in the 1800s eventually moved towards independence, although at different times. The question might be based on a misunderstanding or might require clarification regarding specific regions, as the territories under colonial rule in the 1800s were numerous and varied across different parts of the world.

What are the basic tenets of Confucian thought?

Answers

Final answer:

Confucian thought emphasizes the importance of virtuous leadership, observing rituals, and fulfilling duties to the leader's subjects. Family relationships and the concept of ren are also central to Confucianism, promoting obedience, honor, and an attitude of generosity and empathy.

Explanation:

A central tenet of Confucianism is the importance of exemplifying virtuous leadership by living a moral life, studiously observing rituals, and being tirelessly devoted to the duties owed to the leader's subjects. Confucian texts such as the Book of Documents promoted habits like literacy, critical thinking, the search for universal truth, humility, respect for ancestors and elders, and the valuing of merit over aristocratic privilege.

Confucius also considered family relationships to be central to an orderly society. Specifically, he delineated five cordial relationships between king and subjects, father and son, husband and wife, elder brother and younger siblings, and friends. Each relationship consisted of an authority figure who required obedience and honor from the other person or persons, except for friends who were to honor one another. In return, the person in authority was supposed to embody ren, an attitude of generosity and empathy for those beneath him. So long as everyone behaved as they should, good order would flourish.

What were the dates of the 4 crusades

Answers

The dates of the 4 crusades is 1231 to 1234 hope this helped

Final answer:

The First Crusade was from 1096 to 1099, the Second from 1147 to 1149, the Third from 1189 to 1191, and the Fourth from 1202 to 1204. They were significant both for their military objectives and their impact on cultural and economic exchanges between Europe and the Eastern Mediterranean.

Explanation:

The historical events known as the Crusades occurred over a two-century span. The First Crusade began in 1096 and continued until 1099. It notably ended with the capture of Jerusalem and the massacre of its Muslim and Jewish inhabitants. The Second Crusade occurred between 1147 and 1149, called in response to the fall of the County of Edessa, one of the Crusader states. The Third Crusade spanned from 1189 to 1191, primarily to recapture Jerusalem following its conquest by Muslim forces led by Saladin. The Fourth Crusade, which lasted from 1202 to 1204, diverted from its initial goal, ultimately resulting in the sack of the Christian city of Constantinople.

While these military campaigns sought to establish Christian dominions in mostly Muslim-controlled lands, they also facilitated economic and cultural exchange between Europe and the lands of the Eastern Mediterranean. This exchange included the introduction of new goods such as silk and sugar to Europe.

How did charlemagne create a vast empire regarding christianity?

Answers

Crowned on Christmas. If its multiple choice, put in the choices next time. I don't really know how to help you.

Why was the economy of new england based on commerce?

Answers

Answer:

Only small part of the land was good for farming!

A. P. E. X.

The economy of New England was based on commerce because there was so little land is there for farming and that's why agriculture would not contribute to the economy.

What is the economy?

The economy is the term used for all the monetary systems of a place or state. It includes the production and consumption of goods and the money generated by the import and export of goods from one state to another state and one country from another country.

The economy of New England was based on trade and commerce but not agriculture, because there was no land for doing farming and agriculture.

Therefore, because there was limited land available for cultivation and as a result agriculture could not support the economy, New England's economy was built on commerce.

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Mexico declared independence from spain in the year ____________.
a. 1931
c. 1561
b. 1821
d. 1776

Answers

the answer is 1821 but the real answer is 1810 but it's not there

Brainy how did louis ix of france strengthen royal power? select all that apply.

Answers

Louis Ix increased royal power by:
sent roving officials to check on local official, so the local official could obtain the final control
expanded royal courts, in order to make sure that government presence is known and the people are more fearful toward the law
outlawed private wars, to prevent mutiny
ended serfdom in his lands in order to give control to the government for the economy

What two new parties filled the gap left by the death of the Whigs in the 1850s?

Answers

The two parties were The American party and the Republicans
The American party advocated for less government power for the nation as the opposition towards the Federalist party, and the Republican party during that time advocated for social issues such as minorities right and the abolishment of slavery system.

Before settling Plymouth, the Pilgrims signed the:

A. Articles of Confederation
B. Bill of Rights
C. Magna Carta
D. Mayflower Compact

Answers

D the May Flower contract

Answer:

a

Explanation:

Legally, african-americans had the right to vote. how was their right to suffrage compromised? please list 3 ways whites made it nearly impossible for blacks to vote.

Answers

1. They terrorized them and scared them into not voting by threatening or lynching .

2. They surrounded the polls so if some African Americans did come to vote they would be harassed

3 . They gerrymandered the districts and or made it hard for African Americans to be eligible to vote

what was the most commonly held belief of the social gospel movement

Answers

The most commonly held belief in the movement of the social gospel movement, was that the Second Coming couldn't perpetuate as long as evil resides on the Earth. The belief slowly terminated, but modern churches still use it to inspire. 

Answer:

"The social gospel movement" was "the religious movement" started when the protestants ministers began calling for social reforms, these reforms include the abolition of child labor and safe working condition for the worker.

Due to industrialization, large cities like New York flooded with immigrants and they see significant social issues crime, poverty, sanitation, child labor, alcoholism, and economic inequality were some of these issues.

The united states was the __________ nation to adopt a federal system of government.

Answers

The US was the First Nation to adopt a federal system of government

What did foreign observers note about russia in terms of its size and population density?

Answers

The observers said that Russia was really large with heavy population density.
The nation filled with many trade centers, docks, churches, schools,  manufacturing companies, tourist attractions, warehouses, academy, etc. As far as the observer's could see, Russia is one big impregnatable fortress for its potential invaders
Final answer:

Foreign observers often commented on Russia's vast size and sparse population distribution. These aspects presented considerable impediments to its industrialization and economic development, further manifesting in its military capability, especially when compared with other industrializing countries at that time.

Explanation:

Foreign observers often noted the immense size and sparse population distribution across Russia. These factors critically influenced the country's rate of industrialization, economic development, and military might. The size of Russia was indeed a challenge to industrialize as its vast expanse was difficult to traverse and the rich natural resources required for industrialization were scattered and far from city centers. Industrializing nations such as the United States, although large, were not as large as Russia, and resources were more easily accessible.

Another key difference spanned from the population density. Russia's population consisted mainly of serfs bound to the land, unlike in the U.K. or U.S where people could migrate to factories for employment. This, combined with a relative lack of artisans, significantly hampered industrialization efforts. Observers further noticed that even with a larger populace than its European counterparts, Russia had a weaker military power, attributed to its inadequate industrialization.

Overall, in comparison to other countries undergoing industrialization in the same period, Russia's vast physical size and unevenly distributed population proved to be significant obstacles to its developmental progress.

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Which statement best explains why the framers of the constitution defined the process of amending the document so specifically? A.) They wanted to make it clear that they thought the constitution as written seriously flawed. B.) They wanted to enable amendments to be made and approved wuickly. C.) They wanted to create a process that could be accomplished alone by any state. D.) They wanted amendments to be make thoughtfully and with consensus.

Answers

The answer is D. The framers didn't want a process that was hasty or could be easily worked around. Their central theme to the new government was consensus, and they also wanted to ensure decisions weren't made in the heat of the moment or without the participation of everyone impacted.

Answer:

The answer is D.

Explanation:

How effectively do you think president kennedy handled the cuban missile crisis?

Answers

President Kennedy handled the Cuban Missile Crisis bravely at the time in a confrontational manner. ... by revisionist historians that do not critically review the event to the correct historical context

What western nation preceded the U.S. in Vietnam

Answers

France used to own Vietnam as it's colony. It used to be called French Indochina

hope this helps 

How did early Romans use the information gathered in the census to begin their republic? In what ways has our democracy evolved from these beginnings? In what ways has it deviated?

Answers

How did early Romans use the information gathered in the census to begin their republic?

Servius Tullius organized the first census of Rome, the census counts the citizens by one-hundreds. The more sets of one-hundred citizens were numbered, the more voting rights they were given to the people. They use census information to create a better system for the government.

In what ways has our democracy evolved from these beginnings?

Even though the government of Rome by no means be considered to be a democratic country, it never failed to allow its citizens to voice out their opinion.

In what ways has it deviated?

The system of the early Romans deviated the traditional way of determining the election rights of the people, they were based on the number people residing in Rome.

At the turn of the twentieth century, a sweatshop was a small work room in a large factory. a small factory with safe working conditions. a small factory with unsafe working conditions. a small apartment where several families worked.

Answers

The correct answer is: " a small factory with unsafe working conditions"

Sweatshop is a term used to define a working place where people are forced to work under conditions which are considered unacceptable from a social viewpoint. Such work might be either dangerous, difficult, underpaid or done under extreme climatological conditions, for example. Workers might be working long hours for little money inside, or even children can be employed.

Which medium was used to decorate mummy cases in fayum egypt?

Answers

Mummy cases were decorated by painting on wood, of which there were two ways to do so: encaustic (wax) painting and egg-based tempera. The wax paintings have vivid colors and contrast to them and is done with large brushstrokes making them look impressionistic. Tempera painting is more refined but uses chalkier colors.

what was the most notable about Nicolaus Copernicus work

Answers

Before he proposed his heliocentric theory, most Europeans believed that the sun revolved around Earth.

-hope this helps :)

Answer:  The correct answer is :  The most remarkable thing about Copernicus was that with his work he showed that the sun is at the center of the universe and not the earth as most Europeans believed.

Explanation:  The Copernicus theory was called heliocentric meaning centered on the sun. The Catholic Church was one of its main opponents. This theory has been considered as the starting point of modern astronomy and scientific revolution.

Kennedy's negotiation style during the Cuban Missile Crisis can be described as:

A. Firm and Cautious
B. Timid and Careful
C. Hostile and Forceful
D. Attentive and Aggressive

Answers

A is the answer to your question.

The correct answer is A) firm and cautious.

Kennedy’s negotiation style during the Cuban Missile Crisis can be described as firm and cautious.

During the Cuban Missile crises of 1962, President Kennedy had to be firm and cautious making his decisions. The world was at the brink of a nuclear war. He decided to quarantine Cuba. The United States Navy ships blockade the ships coming to the island in order to certify that they had no nuclear weapons. The negotiations between the government of the United States and the Soviet Union were tense all the time until finally, both presidents reached an agreement.

 

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