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Episode 55: Christopher Leonard

Krystal Kyle & Friends

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Bankruptcy - What Happened in the 19th Century?

The movement to create a nationalcurrency was part of the populist movement, you know, pushed by farmers in the 19 hundred. A group of bankers got together and had this famous meeting at a resort off the coast of georgia called jekyl island. They struck a deal that they would later present to the senate. And that was the deal that made it through the senate and got passed in 19 13  and created the central bank of the federal reserve,. as it exists to day.

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