The secret birth of the Fed
The magic lever of interest rates
Printing money and fighting inflation
The global ripple effect of the dollar
What major financial crisis in the early 1900s convinced politicians that the U.S. needed a central bank?
On which Georgia island did financiers meet secretly in 1910 to plan the Federal Reserve?
sloane Slide the interest rate levers to discover how the Fed quietly runs your wallet.
sloane President Woodrow Wilson signed the Federal Reserve Act in 1913, establishing a unique public-private banking compromise.
Which U.S. President officially ended the gold standard link to the dollar in 1971?
Why did the creators of the Federal Reserve design it with regional banks instead of one central bank?
sloane Jekyll Island Federal Reserve
Jekyll Island's hush, / A secret plan in a rush, / The Fed's real start!
sloane The United States is divided into twelve Federal Reserve districts, each managed by its own regional Reserve Bank.
What is money called when its value is not backed by a physical commodity like gold but by government decree?
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.
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.