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The history and purpose of The Federal Reserve | Simple Civics
The Federal Reserve is the central bank of the U.S. But why do we even have it in the first place? 'The Fed' regulates inflation and employment by adjusting monetary policy. It prevents economic crises, supervises banks, and ensures that all checks, money transfers, and more can be trusted. But before 1913, the U.S. had no central bank! This ...
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