Tag: Federal Reserve Act

  • What Is The Federal Reserve Act and the Banking Act of 1935?

    What Is The Federal Reserve Act and the Banking Act of 1935?

    The Federal Reserve Act and the Banking Act of 1935, also known as the Banking Act of 1935, were a set of laws passed by the United States Congress that aimed to reform the country’s banking system and stabilize the economy. The Federal Reserve Act created the Federal Reserve System, a central banking system that…