The Federal Reserve
The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. This channel displays video content relating to the Federal Reserve System.
Episodes
Segment 204: Creation of the Federal Reserve
Several banking panics resulted in significant recessions and depressions. This led to the signing of the Federal Reserve Act in 1913.
Segment 203: The State and National Banking Period
Why was the period between the closing of the Second Bank in 1836 and the founding of the Federal Reserve System in 1913 mired in financial turmoil?
Segment 202: The Second Bank of the United States
After the First Bank closed in 1811, the U.S. had no national bank until the Second Bank opened in 1817. Why did this bank spark so much debate?
Segment 201: The First Bank of the United States
In 1791, President Washington signed a bill creating the first Bank of the United States. Why did so many people oppose the founding of this bank?