Modern Era · North America · Politics
1913
Federal Reserve Act signed
December 23, 1913
Woodrow Wilson signed a bill creating the Federal Reserve System, America's central bank, with twelve regional branches and a board in Washington. The law passed after decades of fighting over banking panics. The Fed would become the most powerful economic institution in the world, for good and bad, over the next hundred years.
In context
Also in 1913 (3 other events on record)
- Stravinsky riot at Rite of Spring · Europe · Culture
- Ford opens the moving assembly line · North America · Technology
- Suffragettes march on Washington · North America · Politics
Before and after in North America
Before and after in Politics
Era
Modern Era (1901–2000), one of 590 events from that era on Saeculum.