Amid the Great Depressionthe national bank was expanding the money related base at a critical rate Conditions in the economynonethelessimplied that the cash multiplier was declining thus the general effect was a fall in amount of cash.

This added to the contraction of the economy

Conversely, when a comparative flood popular for abundance holds rose amid the budgetary emergency of2007-2009the Fed satisfied this need, keeping a breakdown of the cashsupplylike that found in the 1930's.