To provide a brief history of the Federal Reserve and understand why it exists. Based on this understanding, you should be able to compare the Fed with another organization, such as the European Central Bank (ECB). You may use any other financial organization in any region or country of your choice. Suggested questions and ideas to help you get started:

• Using the key terms from the textbook, describe why each organization exists
• Are there differences in interest rates, levels of holdings (e.g. government bonds), and other relevant financial metrics? What is the context of the differences between the Fed and the financial organization you are comparing it?
• How has the financial climate of the US affected the Fed? What financial events have affected the other organization you are researching?
• Are there other factors that have influenced these organizations, such as social and political?