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What economic event led to the creation of the Federal Reserve?

A. Depression of 1865
B. Panic of 1893
C. Panic of 1907

Sagot :

GinnyAnswer

Final answer:

The Panic of 1907 prompted the establishment of the Federal Reserve in 1913 to address banking instability.


Explanation:

The Panic of 1907 led to the creation of the Federal Reserve in 1913. During this crisis, widespread bank failures and depositor losses highlighted the need for a centralized institution to stabilize the banking industry.


Learn more about Federal Reserve creation here:

https://brainly.com/question/31823004


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