American Experience discussion

Anonymous
timer Asked: Feb 23rd, 2019
account_balance_wallet $10

Question Description

There are many different lens by which to view the American experience. I've presented a view of American history through the lens of banking. Or, correspondingly, a view of banking through the lens of American history. Regardless, the challenge of creating a financial structure that preserved the blessings of liberty and freedom, let alone planting the seeds for growing a free enterprise system, has been daunting.

Your task for this essay is to succinctly, concisely summarize this scope of history up to the creation of the FED in 1913. I realize that is lot of history for a short paper, but as future financiers, we have an obligation to tell the story of free markets.

Tutor Answer

Kishnewt2017
School: University of Maryland

Attached.

Outline
1. Introduction
2. The summary


Running head: AMERICAN EXPERIENCE

1

American Experience
Name
Institution

AMERICAN EXPERIENCE

2

There is a huge amount of history that guided the process of creating the FED in the year
1913. Some of it involved some missteps and progress which in effect led the act that created the
Federal Reserve in the year 1913.
The Summary
Firstly, in the period that dated from 1775-1791, the first US currency was created by
Congress in the effort to fund the revolutionary war against Britain. Nonetheless, this failed since
it resulted in very high levels of inflation (Grubb, 2012). Secondly, it was the attempt to create a
central banking system which was referred to as the bank of the United States with its
headquarters in Philadelphia. That was between the years 1791 to 1811. Man...

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Review

Anonymous
Good stuff. Would use again.

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