Author Question: When Congress established the Federal Reserve in 1913, what was its main responsibility? When did ... (Read 97 times)

jCorn1234 · **on:** Jun 29, 2018

When Congress established the Federal Reserve in 1913, what was its main responsibility? When did Congress broaden the Fed's responsibilities?

What will be an ideal response?

Question 2

During what period of time did the United States most consistently adhere to the gold standard?

A) from 1914 until 1929
B) from the eighteenth century until the nineteenth century
C) from 1944 until 1980
D) from the nineteenth century until the 1930s

atrochim · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

When Congress established the Fed in 1913, the main responsibility of the Fed was to prevent bank panics by making discount loans to banks. Congress broadened the Fed's responsibilities in the aftermath of the Great Depression.

Answer to Question 2

D