Federal Reserve Act
The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch. 3) is an Act of Congress that created and established the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank Notes as legal tender. The Act was signed into law by President Woodrow Wilson.
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Books/Sources
- The Federal Reserve Act... - Robert Latham Owen
- The Federal Reserve Act: Making the American Banking System Stronger (Progressive Movement 1900-1920: Efforts... - Melanie Ann Apel
American History
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Political History
Economic History
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The Gilded Age and Progressive Era (1877-1929)
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