History, 30.07.2019 18:00 mommykathryn10pb9bdb

The primary reason for the creation of the federal reserve system was:

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My answer is going to leave out interest rates. That's currently one of its main functions.

The Federal Reserve was created in 1913 because of a devastating bank collapse in 1907. What happened was that when 1 bank got into trouble, people panicked because they were afraid their bank would be next. The worst thing that can happen to a bank is a great many withdrawals take place all at once. When that happens the bank does not have enough resources to meet the demand. All of your money is being loaned out to other customers. This is extremely well explained in "It's a Wonderful Life" starring Jimmy Stewart and Donna Reed.

To stop these runs, congress in 1913, wrote the Federal Reserve Bank Act. If a bank got into trouble, it was the institution that was intended to bring stability to the nation. In other words, it made loans to banks that were in trouble.

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Spanish conquistadors demanded labour from natives.

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alliances in ww1 were different from ww2 because the entente in ww1 made up of serbia,russia,france,britan,japan and italy later america and all allied in a sort of balance of power and too keep germany,austria-hungary,and the ottomans down. russia allied the serbians in order to exert its influence in the balkans while france allied the russians because france was still in dismay and insulted after the defeat to the germans during the unification of germany and britian allied the belgians after the germans invasion of belgium.in ww2 the alliances were in a preemptive attempt to deter any further wars into happening while germany and italy allied since they were insulted and humiliated after the previous war while also sharing a similar ideology of facsim along with japan which all 3 had a want for world domination and agreed to assist one another in the endevours

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