Why did the creation of the Federal Reserve fail to prevent the bank runs of the Great

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Why did the creation of the Federal Reserve fail to prevent the bank runs of the Great Depression? What measures stopped the bank runs?

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Macroeconomics

ISBN: 9781464110375

4th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Feb 28, 2024 04:01 AM

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Why did the creation of the Federal Reserve fail to prevent the bank runs of the Great

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The Federal Reserve and the Great Depression The creation of the Federal Reserve in 1913 aimed to provide stability to the financial system but it fai...View the full answer

Macroeconomics

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