Discuss the evolution of centralized banking from the colonial period to present day and identify the key events that led to the creation of the Federal Reserve. How the responsibilities of the Federal Reserve have expanded over time should be addressed along with an analysis of key pieces of legislation that paved the way for greater Federal Reserve power within the economy.Research can be done and can use more thank six sources.

Please include:

• Early debates about central banking (Jefferson v Hamilton)
• The 1st and 2nd Bank of the United States
• Nicholas Biddle vs Andrew Jackson
• Free banking period
• Panic of 1907
• Federal Reserve Act
• Glass-Steagall
• The Humphrey Hawkins Act
• Gramm-Leach-Bliley Act
• The Great Recession
• The Dodd-Frank Act