adnielcabanowv5b7 adnielcabanowv5b7
  • 13-11-2020
  • Social Studies
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The Federal Reserve System designed in the manner described in the box resulted in the creation of
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sebastiansierraocm
sebastiansierraocm sebastiansierraocm
  • 21-11-2020

Answer:

The Federal Reserve system resulted in the creaton of a central banking system in the United States.

Explanation:

Prior to the Federal Reserve, the United States did not really have a central bank. Banks were allowed to control the money supply under market principles. These created instability according to many economists and politicians, and they promoted the creation of the Federal Reserve system in order to have a central bank that controlled the money supply.

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