In 1913, Congress created the Federal Reserve Act, which established the Federal Reserve system as we know it. President Woodrow Wilson signed the act into law on December 23, 1913. When the Fed ...

The Fed was created after President Woodrow Wilson signed the Federal Reserve Act in December 1913. While the architects who helped create the Fed had many objectives when creating this system ...

The Gold Reserve ... from the Federal Reserve to the U.S. Department of the Treasury, diminishing the central bank’s role in maintaining gold coins and bullion. The act was the pinnacle of ...