Economics U$A. Does money matter? The Federal Reserve. 21
Description
The Federal Reserve was originally created in 1913 as an emergency lender to banks -- a sort of bank of last resort. The Banking Act of 1935 and the Fed Accord of 1951 broadened the powers of the Fed, widening the range of options and tools it could use to manage the economy. Up to about 2010, the Fed did fairly well. But the housing bubble and Great Recession provided it with new and substantial challenges. These stories showcase the Fed's capabilities while exploring how responsibilities and challenges have expanded over the years.
Runtime
29 minutes
Series
Subjects
Geography
Genre
Database
Alexander Street
Direct Link
https://www.remote.uwosh.edu/login?url=http://www.aspresolver.com/aspresolver.asp?MARC;3965337
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