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Federal Reserve Reforms and Banking Act of 1935: A Critical Review

8 views ยท Sep 5, 2024

During the Great Depression, the Federal Reserve faced critical failure to stem bank runs, leading to substantial reforms and the introduction of the Banking Act of 1935, which enhanced its regulatory powers and established the Federal Open Market Committee (FOMC).
During the Great Depression the Federal 120 bpm loop

Explore the impact of the Great Depression on the Federal Reserve in this informative video. Learn how the Federal Reserve struggled to prevent bank runs during this turbulent economic period, ultimately leading to significant reforms. Dive into the details of the Banking Act of 1935, a pivotal legislation that bolstered the Federal Reserve's regulatory authority and set up the Federal Open Market Committee (FOMC) to oversee monetary policy.

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8

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9:16

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Text to story video

Explore the impact of the Great Depression on the Federal Reserve in this informative video. Learn how the Federal Reserve struggled to prevent bank runs during this turbulent economic period, ultimately leading to significant reforms. Dive into the details of the Banking Act of 1935, a pivotal legislation that bolstered the Federal Reserve's regulatory authority and set up the Federal Open Market Committee (FOMC) to oversee monetary policy.