The Federal Reserve System Was Established in 1913 in Response

question 224

Multiple Choice

The Federal Reserve System was established in 1913 in response to the

• A) First World War.
• B) bank panic of 1907.
• C) depression of 1883.
• D) prosperity of the 1920s.

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Definitions:

Depression

A mood disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Heart Rate

The number of heartbeats per unit of time, typically expressed as beats per minute (BPM).

Seasonal Affective Disorder

A type of depression that occurs at the same time every year, often during fall or winter, influenced by changes in light.

Antabuse

A drug used to support the treatment of chronic alcoholism by producing an acute sensitivity to ethanol (drinking alcohol).