Fundación del Sistema de la Reserva Federal en Estados Unidos

This work analyzes the foundation of the United States Federal Reserve System in the year 1913 in order to highlight that this institution claimed to provide an elastic currency and the mobility of the reserves that would address bank failures throughout the country during the 19th and early 20th century, raising financial panic that pushed the economy into a crisis. The creation of the Federal Reserve System represents the third attempt to have a central bank. The First Bank, in 1791, and The Second Bank, in 1816, were its antecedents, neither of which, obviously, have survived. Almost 100 years later, a new opportunity presents itself: the emergence of 12 regional banks that today conform to the monetary model of the United States.