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Benefits Of The Federal Reserve System

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The Federal Reserve System was created on December 23, 1913 when President Woodrow Wilson signed the Federal Act Law. The Federal Reserve System was created to help regulate the national banks of the United States, credit and money supply which is how much money is earned and given. The Federal Reserve is similar to the Monetary Policy as it also controls the supply of money of the country to help stop inflation. This law applies to the whole country. Any other alternatives to this system wouldn’t work. Therefore, the United States of America should remain under the Federal Reserve System.
The United States should keep its Federal Reserve System. This is the best option. The Federal Reserve issues one currency that is valid throughout the country rather …show more content…
Terrorists attacked on New York, Washington and Pennsylvania that shattered U.S. financial markets. Days after September 11, the Federal Reserve lowered interest rates and loaned more than Forty-Five billion dollars to financial institutions in order to provide stability to the U.S. economy. If it weren’t for the FDR, America would have taken a much slower recovery. In conclusion, The United States should remain under the Federal Reserve System. Alternatives to this system would not work because if we try to eliminate the Federal Reserve System now, it will create loss and it would be hard to rebuild from the starch again. We have established the Federal Reserve for such a long time, it would be foolish to get rid of it now. Why should remove it when it's working for the country?
Some may argue that the Federal Reserve System should go. They believe that the Federal Reserve is unconstitutional and invasive. Finances are controlled by a big government organization rather than a group of private small businesses. This expands the size of the government which is overpowering for

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