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date: 26 May 2022

Federal Reserve Act 

The Oxford Companion to United States History
Wyatt C. WellsWyatt C. Wells

(1913).The Federal Reserve Act had its origins in the Panic of 1907, when the collapse of several loosely managed trust companies sparked a general financial crisis. Depositors frightened by the collapse of trust companies withdrew money from banks, which then called in loans and dumped securities on the market, contributing to a serious recession. Financier J.P. ... ...

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