It tightened credit in order to avoid inflation.
The Federal Reserve board is the valuable banking system of the united states. It was created on December 23, 1913, the day before Christmas Eve, with the enactment of the Federal Reserve.
Economic depression is a steep and sustained drop in financial pastime providing high unemployment and bad GDP growth.
Economic depression is the length of the sustained, long-term downturn in monetary activity in one or extra economies. It is an extra excessive economic downturn than a recession, that's a slowdown in economic activity over the route of an everyday enterprise cycle.
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