The Federal Reserve Act was passed to prevent an economic crisis or another Great Depression.

Name: The Federal Reserve Act was passed to prevent an economic crisis or another Great Depression.
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The Federal Reserve Act was passed in 1913 to create a central banking system, aiming to provide the United States with a safer, more flexible, and more stable monetary and financial system, not specifically to prevent an economic crisis or another Great Depression, which occurred later in the 1930s.

The Federal Reserve Act Was Passed to Prevent an Economic