In 1913,Congress established the Federal Reserve system with the intention of putting an end to

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Congress established the Federal Reserve system in order to address the problem of bank panics, which were characterized by mass withdrawals of funds from banks and often led to bank failures and economic disruption. The Federal Reserve was designed to provide a more stable and centralized system for managing the nation's banking and monetary policy, which would help prevent or mitigate the effects of future panics. While the Federal Reserve can play a role in addressing inflation, unemployment, and interest rates, these were not the primary objectives of its creation.

In 1913,Congress Established the Federal Reserve System with the Intention