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Federal Reserve Law Seen as Answer to Economic Crises
The article defends the Glass Owen Federal Reserve Act as sovereign remedy for panics and depressions. It argues the Democratic Congress and Wilson era established centralized government control over money, stabilizing currency, supporting trade, and boosting farm credit with rural bonds while contrasting with Republican tariff policy and calls for reform. It notes no money market corners since its implementation and praises the system’s resilience through international shocks.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank
Glass-Owen Federal Reserve Bank
United States
United
Senate
Congress
Wilson
House of Representatives
House
Messare
Chicago
Stock Exchange
Federal Reserve Board
America
Armors
Democratic Party
Ito Prriver
Hes Por
Tim Hemtie
Iret
Ehres