Federal Reserve Act (Classic Reprint)

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Excerpt from Federal Reserve Act This panic demonstrated the com plete instability of the financial system of America and the hazards which business men had to meet under a grossly defective banking system. A very large part of the American people believed that the panic ensued from the industrial de pression and shrinkage of values due to the demonetization of silver, and a violent agitation arose for the free and unlimited coinage of silver at sixteen to one. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.