Money

1900 Federal Reserve = = = || || || external image Organiztion_of_the_Federal_Reserve_System.jpg || ||  || || external image Federal_Reserve.jpg || ||  || || external image Fed_Reserve.JPG || Federal Reserve-  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 1970 1980 1990 2000