Instructional Video

How the Federal Reserve Works, Part 2

Curated and Reviewed by Lesson Planet

What is the Federal Reserve Act? Enacted in 1913, it created the central banking system of the United States of America. Watch this video to give your class an idea of the financial panics Americans faced before having a centralized system. This is part two of five.

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Concepts
alexander hamilton, inflation
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Additional Tags
alexander hamilton, central bank, inflation, the gold standard, fiat, jp morgan, john d. rockefeller, federal reserve act, mises institute, social studies
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Classroom Considerations
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