Federal Reserve System (Origin, Purposes and Fundtions)

Duration: 22

Year Published: 1950

Creator: Encyclopaedia Britannica Educ Corp

Format: 16mm

Color: B&W

Description: Explains the purpose and operation of the Federal Reserve System, tracing from its inception during the 1907 financial panic the idea of banking insurance and the steps in instituting it on a national scale. Acknowledges, through dramatized scenes, the farsighted leadership of Woodrow Wilson and Carter Glass. Defines such terms as deposit liabilities, reserves, bank portfolios, rediscounted paper, and elastic currency, using animated diagrams.

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