The Federal Reserve System - Origins, Purposes, and Functions

Duration: 792 ft.

Year Published: 1950

Creator: ?Encyclopedia Britannica ebec

Complete Record: 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. Uses animated diagrams to define such terms as deposit liabilities, reserves, bank portfolios, rediscounted paper, and elastic currency .

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