U.S. President Woodrow Wilson signs the Federal Reserve Act.
This specific central banking system was created following a series of large-scale economic downturns, and it's role over the following years would be expanded after each economic recession.
Its intended purpose was to act as a stabilizing force in the often chaotic financial sector, which during Woodrow's presidency and the years prior was prone to panics.
This specific central banking system was created following a series of large-scale economic downturns, and it's role over the following years would be expanded after each economic recession.
Its intended purpose was to act as a stabilizing force in the often chaotic financial sector, which during Woodrow's presidency and the years prior was prone to panics.
