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Schug, Mark C.; Suiter, Mary C.; Wood, William C. – Social Education, 2015
In 1890, the United States government had no agency empowered to control the overall supply of money. Fifty years later, it had a full set of monetary institutions, including a central bank whose structure is much the same today. Further, it had enough experience to know both the promise and the pitfalls of monetary control. How did the nation's…
Descriptors: Banking, Economic Factors, United States History, Social Studies