<P> The passing of the Federal Reserve act of 1913 carried implications both domestically and internationally for the United States economic system . The absence of a central banking structure in the U.S. previous to this act left a financial essence that was characterized by immobile reserves and inelastic currency . Creating the Federal Reserve gave the Federal Reserve control to regulate inflation , even though the government control over such powers would eventually lead to decisions that were controversial . Some of the most prominent implications include the internationalization of the U.S. Dollar as a global currency , the impact from the perception of the Central Bank structure as a public good by creating a system of financial stability ( Parthemos 19 - 28 ) , and the Impact of the Federal Reserve in response to economic panics . The Federal Reserve Act also permitted national banks to make mortgage loans for farm land , which had not been permitted previously . </P>
<P> The passing of the Federal Reserve act of 1913 carried implications both domestically and internationally for the United States economic system . The absence of a central banking structure in the U.S. previous to this act left a financial essence that was characterized by immobile reserves and inelastic currency . Creating the Federal Reserve gave the Federal Reserve control to regulate inflation , even though the government control over such powers would eventually lead to decisions that were controversial . Some of the most prominent implications include the internationalization of the U.S. Dollar as a global currency , the impact from the perception of the Central Bank structure as a public good by creating a system of financial stability ( Parthemos 19 - 28 ) , and the Impact of the Federal Reserve in response to economic panics . The Federal Reserve Act also permitted national banks to make mortgage loans for farm land , which had not been permitted previously . </P>
in the u.s. economy the money supply is controlled by the quizlet
in the u.s. economy the money supply is controlled by the quizlet
the Federal Reserve
the Federal Reserve