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The Congress wanted to provide a safer, more flexible, and more stable monetary and financial system.
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Once the nation entered the war, the Fed dedicated itself mainly to supporting the war effort.
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The Federal reserve banks open for business in 1914.
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President Calvin Coolidge signed the McFadden Act on February 25, 1927 after the Federal Reserve's success.
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The Great Depression is the biggest Federal Reserve's mistake and contributed to the worst economic disaster in American history
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The Dow declined nearly 13 percent on Black Monday, October 28, 1929.
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in the fall of 1930, the economy poised for recovery.
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the Banking Acts responded to concerns about the structure and mission of Reserve that arose during the economic contraction of the early 1930's.
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President Roosevelt issued Proclamation 2039 ordering the suspension of all banking transactions.
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Emergency Banking Act was intended to restore confidence in banks when they reopened after the Bank Holiday in 1933.
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The Roosevelt administration's policies regarding gold and dollars were arguable and consequential.
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The Gold Reserve Act program first restricted the private use of gold, requiring businesses.
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The Banking Act of 1935, which President Roosevelt signed on August 23, completed the restructuring of the Federal Reserve.
