The financial panic of 1907 resulted in such widespread bank failures and substantial losses to depositors that the american public finally became convinced that the federal reserve system had failed to serve as a lender of last resort. the first bank of the united states had failed to serve as a lender of last resort. a central bank was needed to prevent future panics. the second bank of the united states had failed to serve as a lender of last resort.

A central bank was needed to prevent the future panics is the correct answer.

Explanation:

The panic  of 1907 is also known as the Bankers Panic .It was a financial crisis that occurred in US during mid October of 1907.  During the crisis  the New York Stock Exchange fell by fifty percent and due to panic people withdrew their money from banks and trust companies.  The panic later spread throughout the nation. The panic happened due to the attempts to corner the market. Financier J.P Morgan prevented the panic from deepening by pledging large sum of money and by convincing other bankers to do the same. The panic highlighted the  needs of an independent Treasury system to mange money supply and inject liquidity in the market when the need arose. Next year a committee was established by John D Rockefeller Jr. to find out the reasons of the crisis and propose solutions, it led to the creation of Federal Reserve System.

i thinl it is the 1st answer

after the french-indian war.