The movement to set up a central bank in the United States was spurred by the financial panic that occurred in

Question

Quizplus · Accepted Answer

The financial panic mentioned in the question refers to the Panic of 1907, which led to widespread banking panics and an economic recession. This crisis highlighted the need for a centralized banking system in the United States, which eventually led to the creation of the Federal Reserve System in 1913. Therefore, the best choice is B) 1907.

The Movement to Set Up a Central Bank in the United