The Immediate Impetus for the Establishment of the Federal Reserve

question 205

Multiple Choice

The immediate impetus for the establishment of the Federal Reserve System came from

• A)severe outbreaks of inflation in the early 1900s.
• B)four severe banking panics between 1873 and 1907.
• C)the discovery of gold in Alaska.
• D)the desire to copy the founding of the Bank of England.

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Definitions:

Positions of Authority

Roles or ranks within an organization or society that hold the power to make decisions, enforce rules, and influence others’ actions and behaviors.

Common Definition

A widely accepted or standard interpretation of a term or idea.

Domination

The exercise of control or influence over others, often in a way that lacks mutual consent and may involve coercion or repression.

Personality

Refers to the combination of characteristics or qualities that form an individual's distinctive character.