Why was the federal reserve created

It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law.

Explanation:

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The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system.

populist movement, in u.s. history, politically oriented coalition of agrarian reformers in the middle west and south that advocated a wide range of economic and political legislation in the late 19th century. thus in 1892 their leaders organized the populist, or people's, party, and the farmers' alliances melted away.