History Of Federal Reserve

NameUniversityCourseTutorDateIntroductionThe United States has successfully applied monetary policies in nurture its economic growth and development . This however did not hail up easily but involved a tenacious process that was finally sealed by the establishing of the Federal throw System . The country s main concern was to come up with a organization that harmonizes the supply of common banknotes that would increase security measures in the banking sector and increase investor confidence . Such a banking sector would be stable and flexible to accommodate any necessary adjustments that would be inevitable for prosperity and growth of the the States s thriftiness . This therefore examines the Federal Reserve System and its tools that be employed to expand or contract the America s economy using money supply and interest rates (Wells D . R , 2004 , pp .

7-29In the history of the United States , there has been three banking system first bank that existed among the year 1791 and 1811 , the second was between 1816 and 1836 . These two banks were responsible for the banking and issuing money in the U .S . and therefore represented U .S treasury . There were early(a) banks which issued their own money and created competition with the first and the second U .S banks . They were however private entities whose operation was under the state bawl out With the increase in population , economic activities and migration there was topsy-turvydom among the competing banks and their banknotes . This led to the formation of national banks in 1863...If you want to originate a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper