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12min chapter
America's Great Depression | The Twilight of Gold Series | Episode 16 (WiM404)
The "What is Money?" Show
Regulatory Bodies and the Mechanics of Credit Creation
This chapter explores the role of regulatory bodies in overseeing capitalism and debunks myths surrounding the Great Depression. It delves into the mechanics of credit creation and the changes brought by the Federal Reserve Act of 1913. The chapter also discusses the reserve requirements for different types of banks and the implications of consolidating the banking system.
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