History Of Federal Reserve

NameUniversityCourseTutorDateIntroductionThe United States has successfully applied monetary policies in genteelness its economic growth and development . This however did not bulge out up easily but involved a farinaceous process that was finally sealed by the establishing of the Federal stop over System . The country s main concern was to come up with a organization that harmonizes the supply of common banknotes that would increase security department measures in the banking sector and increase investor confidence . Such a banking sector would be stable and flexible to accommodate severally necessary adjustments that would be inevitable for prosperity and growth of the the States s worry . This therefore examines the Federal Reserve System and its tools that argon employ to expand or contract the America s economy ut ilise money supply and interest rates (Wells D . R , 2004 , pp .

7-29In the history of the United States , there has been three banking system first of all bank that existed surrounded by the year 1791 and 1811 , the second was amidst 1816 and 1836 . These two banks were responsible for the banking and issuing money in the U .S . and therefore represented U .S treasury . There were other banks which issued their own money and created competition with the first and the second U .S banks . They were however private entities whose operation was under the state persuade With the increase in population , economic activities and migration th ere was funny house among the competing ba! nks and their banknotes . This led to the formation of national banks in 1863...If you want to transit a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay