What event primarily led to the creation of the Federal Reserve?
Panic of 1907
Great Depression
World War I
Stock Market Crash of 1929
Answer
The Panic of 1907 was a financial crisis that highlighted the need for a central banking system in the United States. This event led to the creation of the Federal Reserve in 1913 to help stabilize the economy and prevent future financial panics.
Federal Reserve System Superfan Quiz: 20 Questions to separate the real fans from the posers
More Questions
Which of these is NOT a responsibility of the Federal Reserve?
How many members are on the Federal Reserve Board of Governors?
How often do the Federal Open Market Committee (FOMC) meetings take place?
What is the primary tool used by the Federal Reserve to influence monetary policy?
Which regional Federal Reserve Bank president always has a vote on the FOMC?
Related Quizzes
Subscribe Now!
Learn something
new everyday
Playing quizzes is free! We send 1 quiz every week to your inbox