Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Our platform offers a seamless experience for finding reliable answers from a network of experienced professionals. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

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


Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.