1913: The Fed is born · Bits

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History of Money

1913: The Fed is born

Nov 1910

Jekyll Island plan

Drafted in secret

Dec 23, 1913

Federal Reserve Act signed

President Wilson

Nov 16, 1914

12 Reserve Banks open

Boston to San Francisco

President Wilson signed the Federal Reserve Act on December 23, 1913. Twelve Reserve Banks opened in 1914.

Since 1913, a central bank steers the dollar.

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