Monday, September 21, 2015

Life Before The Federal Reserve

How The Federal Reserve Was Formed:

The United States was considerably more unstable financially before the creation of the Federal Reserve. Panics, seasonal cash crunches and a high rate of bank failures made the U.S. economy a riskier place for international and domestic investors to place their capital. The lack of dependable credit stunted growth in many sectors, including agriculture and industry.

0 comments - Post a comment :

Post a Comment