Tag: central-banking
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How the Federal Reserve Was Created
Trace the Federal Reserve's creation as a political-economic compromise — the Panic of 1907 as the proximate trigger, the Jekyll Island meeting, the obstacles to central banking, the decentralized structure as political settlement, and what the Fed's founding reveals about crisis-driven institutional reform.
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How Banking Panics Led to Central Banking
The Bank of England, the Federal Reserve, and the European Central Bank all share an origin story: a banking panic severe enough that private solutions failed and public intervention became inevitable. The history of central banking is the history of learning what fractional reserve banking requires to survive.
