Was the federal reserve act successful?

1913

President Woodrow Wilson signed the Federal Reserve Act into law in 1913.

To prevent another run on the banks (depositors withdraw their money) by allowing the Fed to print money out of nothing. To give the bankers political power internationally.

The Federal Reserve is the central banking system of the United States. It was created in the year 1913. Ben Bernanke is the chairman of the Federal Reserve. He has been the chairman since 2006....

The Federal Reserve Act was important because it allowed the government to supervise banks.