The Federal Reserve came into existence in response to
A)the inflation of the Civil War.
B)the depression of the 1930's.
C)the boom and bust nature of the late 19th and early 20th century.
D)a fear of a post-World War II depression.

Question

Quizplus · Accepted Answer

The Federal Reserve was established in 1913 to address the unstable economy of the late 19th and early 20th century. This period was characterized by frequent economic booms and busts, with little government intervention or regulation. The Federal Reserve was created to provide a central authority to stabilize the economy and prevent future financial crises.

The Federal Reserve Came into Existence in Response to