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Uploaded on Oct 5, 2009
The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created in 1913 by the enactment of the Federal Reserve Act, largely as a response to a series of financial panics or bank runs, particularly a severe panic in 1907.Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved. Rockefeller, Morgan, Warburg and Rothschild Wars & Corruption.