關於這本電子書
Prior to the establishment of the Federal Reserve System (FRS), the U.S. economy faced frequent panics, bank failures, and credit scarcity due to unstable banking and financial systems prevailing in the market. Additionally, due to the rapid industrialization the decentralized banking system became more unstable. Specifically, the financial and the economy panic encountered during 1907 forced the congress to establish a centralized bank “The Federal Reserve System”. Congress passed the Reserve Act in the year 1913 to establish the FRS. The FRS is entitled to provide a safe, secure, and stable financial growth for the U.S.
As the FRS was created, the structure and functionalities of the central bank has evolved in phases. In the year 1935, the Fed’s monetary policy making body called the Federal Open Market Committee (FOMC) was formed to address the financial depression of the country. Further, the monetary policy was revised from time-to-time to address the financial panics and the bank runs faced by the public. The monetary policy addressed the surging inflation faced by passing the Federal Reserve Reform Act of 1977. Later, the monetary policy was entitled to increase the employment rate by passing the Employment and Balanced Growth act in the year 1978, and it was decided that the FRS produced the finance report to the congress twice a year.
為這本電子書評分
請分享你的寶貴意見。
閱讀資訊
智能手機和平板電腦
手提電腦和電腦
你可以使用電腦的網絡瀏覽器聆聽在 Google Play 上購買的有聲書。
電子書閱讀器及其他裝置
如要在 Kobo 等電子墨水裝置上閱覽書籍，你需要下載檔案並傳輸到你的裝置。請按照說明中心的詳細指示，將檔案傳輸到支援的電子書閱讀器。
