Why did U.S. leaders decide to create the Federal Reserve?

A. The United States needed to have a single type of currency.

B. Economic panics showed that the banking system was not stable.

C. State banks needed the power to create their own currencies.

D. Small banks requested additional government oversight.

Respuesta :

Answer:B, Economic panics showed that the banking system was not stable.

Explanation:APEX

The U.S. leaders decide to create the Federal Reserve for as Economic panics showed that the banking system was not stable Option(b) is correct.

How U.S. leaders decide to create the Federal Reserve?

The Federal Reserve is broadly viewed as perhaps of the main monetary establishment on the planet. The Fed can either be a harmless assistance or a cranky test, and its style is generally an element of the Federal Reserve's leading group of lead representatives.

The United States was impressively more unsteady monetarily before the production of the Federal Reserve. Panics, occasional money crunches and a high pace of bank disappointments made the U.S. economy a more hazardous spot for worldwide and homegrown financial backers to put their capital. The absence of reliable credit hindered development in numerous areas, including farming and industry.

Americans from the get-go, in any case, likewise didn't need a national bank, as they considered this to be a model in view of the Royal Crown and its Bank of England. New America would have rather not been made in that frame of mind of Britain, and furthermore preferred a more decentralized state-by-state way to deal with its political economy.

Therefore Option(b) is correct.

Learn more about Federal reserve here:

brainly.com/question/23247429

#SPJ2

Otras preguntas