Explaining Macroeconomics, The Fed, Interest Rates and Valuations (with Matt McBrady)
ACQ2 by Acquired
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The Evolution and Purpose of the Federal Reserve
This chapter explores the historical context that led to the establishment of the Federal Reserve, focusing on the banking crises of the late 19th and early 20th centuries. It examines the Fed's role in stabilizing the banking system and the political factors that shaped its decentralized structure.
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