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The History of the Federal Reserve
The fed is older than 19 hundred write or is it a fairly recent inimation? It's not. The motivation for a fed first probably started to roost in 18 93, which was a really nasty depression. And finally it was like, man, we can't afford to keep have these bank panics that trigger large scale recessions,. and now a depression, for god's sake. We got to do something.