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The correct answer is C. The Federal Reserve Act created a centralized banking system for the United States.
The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States.
The Federal Reserve System, often referred to as the Federal Reserve or simply “the Fed,” is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system.
Explanation: The Federal Reserve Act of 1913 set up the Federal Reserve System as the national bank of the United States to give the country a more secure, increasingly adaptable, and progressively stable fiscal and money related framework.
NEW YORK (AP) — Benjamin de Rothschild, who oversaw the banking empire started by his father in 1953, has died. He was 57. The Edmond de Rothschild Group, the company he was chairman of, said that de Rothschild died of a heart attack Friday afternoon at his home in Pregny, Switzerland.
People. The most notable family of people with this surname are descendants of Mayer Amschel Rothschild who formed a financial dynasty and, in modern history, perhaps the wealthiest family by the scale of their private fortune.
Mayer Amschel Rothschild
The outbreak of World War II had serious consequences for the entire Rothschild family, who were Jewish. Although he was called up to serve in the French Air Force, the quick fall of France resulted in de Rothschild being arrested in Algeria by the Vichy government and the vineyard property seized.