Throughout the history of the U.S.,until the creation of the Federal Reserve System in 1913,the monetary system was
A)Characterized by a series of panics and periods of instability
B)Under the control of the Second Bank of the United States
C)The product of the work of President Andrew Jackson
D)Based upon the English system
E)Under the supervision of the US Mint

Question

Quizplus · Accepted Answer

Before the creation of the Federal Reserve System in 1913, the monetary system in the U.S. was subject to frequent panics and periods of instability, as there was no central authority to regulate the money supply and maintain financial stability.

Throughout the History of the U