Inside the Federal Reserve
Chapter 1
The secret birth of the Fed
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Chapter 2
The magic lever of interest rates
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Chapter 3
Printing money and fighting inflation
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Chapter 4
The global ripple effect of the dollar
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YOUR GOAL
Master of Inside the Federal Reserve
Ch 1 · The secret birth of the Fed
sloane Jekyll Island Federal Reserve
Jekyll Island's hush, / A secret plan in a rush, / The Fed's real start!
Fun Fact
Jekyll Island code: The founders of the Federal Reserve used fake names during their 1910 train ride to Georgia to keep the secret meeting hidden from reporters.
Glossary
central bank (noun)
A national bank that manages a country's monetary policy and regulates its commercial banking system. In November 1910, a secret meeting at Georgia's Jekyll Island drafted the blueprint for America's modern system.
A national bank that manages a country's monetary policy and regulates its commercial banking system. In November 1910, a secret meeting at Georgia's Jekyll Island drafted the blueprint for America's modern system.
Quiz
What is money called when its value is not backed by a physical commodity like gold but by government decree?
Quiz
Why did the creators of the Federal Reserve design it with regional banks instead of one central bank?
Quiz
On which Georgia island did financiers meet secretly in 1910 to plan the Federal Reserve?
Quiz
Which U.S. President officially ended the gold standard link to the dollar in 1971?