The underlying need for a stronger central bank became apparent during the

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The Great Depression of the 1930s exposed the weaknesses in the U.S. banking system and highlighted the need for a stronger central bank that could regulate and stabilize the financial system. As a result, the Federal Reserve was restructured and given more power to manage monetary policy, regulate banks, and provide liquidity during times of crisis.

The Underlying Need for a Stronger Central Bank Became Apparent