Fed Missteps in the 1920s and the 1929 Crash

In 1913, the United States created its third national bank. 

Unlike the previous two, this bank was organized in a completely different manner. It was organized differently, in an effort to avoid the problems of the previous national banks. 

Also, unlike the previous national banks, the creation of the Federal Reserve was not done openly and subject to public debate. It was created using secrets and subterfuge.

Learn more about the creation of the Federal Reserve and the very odd way it was created on this episode of Everything Everywhere Daily.

Sponsors

• Quince
• Go to quince.com/daily for 365-day returns, plus free shipping on your order!
• Mint Mobile
• Get your 3-month Unlimited wireless plan for just 15 bucks a month at mintmobile.com/eed
• Stash
• Go to get.stash.com/EVERYTHING to see how you can
  receive $25 towards your first stock purchase.
• Newspaper.com
• Go to Newspapers.com to get a gift subscription for the family historian in your life!

Subscribe to the podcast! 

https://everything-everywhere.com/everything-everywhere-daily-podcast/

--------------------------------

Executive Producer: Charles Daniel

Associate Producers: Austin Oetken & Cameron Kieffer

Become a supporter on Patreon: https://www.patreon.com/everythingeverywhere

Discord Server: https://discord.gg/UkRUJFh

Instagram: https://www.instagram.com/everythingeverywhere/

Facebook Group: https://www.facebook.com/groups/everythingeverywheredaily

Twitter: https://twitter.com/everywheretrip

Website: https://everything-everywhere.com/ 

Disce aliquid novi cotidie

Learn more about your ad choices. Visit megaphone.fm/adchoices