aronarshall3 aronarshall3

07-06-2019
History

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Why did Woodrow Wilson push Congress to pass the Federal Reserve Act?
O to reduce the government's power over regional banks and the money supply
O to allow banks to supervise themselves and each other
O to protect the economy from having too much money in the hands of one person, bank, or region
O to support rich bank owners in each state so they could set interest rates and loan money

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Аноним Аноним

07-06-2019

Answer:

to protect the economy from having too much money in the hands of one person, bank, or region- third choice

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nikitavidya0 nikitavidya0

11-06-2022

Woodrow Wilson push Congress to pass the Federal Reserve Act to protect the economy from having too much money in the hands of one person, bank, or region.

What is Federal reserve act?

Federal reserve act was set up in 23 December 1913 by the central bank of the US. the system which established this act is known as federal reserve system.

The act was passed in order to provide stability to the people regarding monetary affairs and nation with the more safer and flexible financial system.

Thus Woodrow Wilson didn't wanted the confinement of the money in the few hands.

Learn more about monetary policy here:

https://brainly.com/question/17101607

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