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What Is a Banking Panic,and What Role Did Banking Panics

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Essay

What is a banking panic,and what role did banking panics play in the decision by Congress to establish the Federal Reserve?


Definitions:

Perimenopausal

Referring to the transitional period before menopause when the body undergoes changes reflecting the end of reproductive capacity.

Hot Flashes

A common symptom experienced during menopause characterized by sudden feelings of warmth and often followed by sweating, particularly in the upper body.

Caffeine

A stimulant found in various plants, commonly used to increase alertness and reduce sleepiness.

Dairy Products

Foods produced from the milk of mammals, such as cheese, yogurt, and butter.

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