Money

Money

//Rule to Remember- No complaint ... is more common than that of a scarcity of money. Adam Smith // The items below should highlight how the distribution of money, goods, and services changed during the 20th century? What has the government done to help its citizens and when has it chosen to allow market forces to create solutions? What periods of economic success and failure has the United States experienced? How the banking system works and what happens when it does not work? 1900 =    18.) Federal Reserve = = = =||  || || external image Organiztion_of_the_Federal_Reserve_System.jpg || ||  || || external image Federal_Reserve.jpg || ||  || || external image Fed_Reserve.JPG ||  The Federal Reserve System is the central banking used across America but is located in Washington DC. The bank was started in 1913. There are 13 other branches to the system that are located in major cities all over the United States. The Federal Reserve System was made for the simple fact of all of America’s government would be placed in the bank; Woodrow Wilson was the president at the time to pass this law. The main headquarters is in Washington DC, the chairman is a man named Ben Bernanke; the currency is the US dollar. The Base borrow rate of the system is 2% and the base deposit rate is 3.5%. The whole purpose for this bank to be made is to address the bank panics.   Cody Redding and Serena Cucuzza= =1910 = = 1920 = = 1930 = = 1940 = = 1950 = = 1960 = = <span style="color: black; font-family: 'Times','serif';">1970 = =<span style="color: black; font-family: 'Times','serif';"> <span style="color: black; font-family: 'Times','serif';">1980 = =<span style="color: black; font-family: 'Times','serif';"> <span style="color: black; font-family: 'Times','serif';">1990 = =<span style="color: black; font-family: 'Times','serif';">2000 =