Use the drop-down menus to answer these questions.
What economic challenge did the newly formed American federal government face?
Which act created nationally chartered banks and circulated notes backed by the federal government?
What economic event led to the creation of the Federal Reserve?

The American federal government faced the challenge of Inflation. The act that created national banks was the National Banking Act and the Panic of 1907 led to the Federal Reserve.

What were some financial developments in U.S. History?

When the American federal government was newly formed, the government faced inflation which led to economic hardship.

Some years later, the National Banking Act was passed which led to the creation of nationally chartered banks, and for the circulation of notes.

After the Panic of 1907 showed that more control of the financial sector was required, the Federal Reserve was formed.

Find out more on the Federal Reserve being formed at https://brainly.com/question/10955280.

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Use the drop-down menus to answer these questions. What economic challenge did the newly formed American federal government face? Which act created nationally chartered banks and circulated notes backed by the federal government? What economic event led to the creation of the Federal Reserve?

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What were some financial developments in U.S. History?

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Use the drop-down menus to answer these questions.
What economic challenge did the newly formed American federal government face?
Which act created nationally chartered banks and circulated notes backed by the federal government?
What economic event led to the creation of the Federal Reserve?