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    The Federal Reserve System

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    The Federal Reserve System in the United States In the late 1890s through early 1900s, a depression resulting in the loss of millions of dollars in the United States prompted the government to come up with a system to remedy the nation’s financial state. The Federal Reserve System has been the primary banking system of the United States of America ever since 1913 as a result of the Federal Reserve Act. The Federal Reserve System works to provide the United States with a safer and more stable monetary system for the economy. The Establishment of the Federal Reserve: The Federal Reserve Act The Federal Reserve System was established on December 23rd, 1913 through the enactment of the Federal Reserve Act. The Federal Reserve Act contains four…

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    “In a fundamental sense, the federal government is what it spends. Through the budget, the government assists millions of families in meeting basic expenses and provides a financial safety net for the sick, elderly, and other dependent persons” (Professor Allen Schick, “The Federal Budget: Politics, Policy, Processes,” 2007) The Federal Budget of the United States is decided upon by both the President and Congress through a discussion process that often leaves the two parties split on…

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    provides a variety of careers opportunities. Federal Bureau of Investigation commonly known as the FBI are one of the most valuable basic career opening professions of today. First, what is the FBI and what do they? Federal Bureau of Investigation is the domestic intelligence and security service of the United States, which serves as the nation's prime source of investigation for the U.S. Department of Justice (“USA history”). The Bureau of Investigation primarily investigated violations of…

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    Federal Budget

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    The budget has to reflect all of the values of the majority of Americans. Budget regulates how the national government its revenues taxes will be spent. Many forces shape the federal budget. Some of them are forces are within the laws like the president's role in drafting the budget. However, other forces come from the realities of our political system. Although, the federal budget may not currently reflect the values of a majority of Americans, the ultimate power over the U.S. government is…

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    The banking system is one of the most important things of our industries. A federal reserve bank is a regional bank of the Federal Reserve System. It also counts as the central banking system of the United States. It was created by the congress and it’s purpose was to provide the nation with a safer and more flexible monetary and financial system. It was designed to give an image of the economy and on economic activity in all parts of the nation. The Federal Reserve System is run by a board of…

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    question, that has great impact on the economy and prices of everyday goods, is not well known amongst American citizens. The United States Treasury prints the dollar. The Federal Reserve System is responsible for regulating and controlling the supply of legal tender, which are Federal Reserve notes, in circulation today. The Federal Reserve does this by loaning money to banks, at interest, that the banks will then loan to the public at interest. The Federal Reserve is extremely powerful in…

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    Are states worth our time? Could the United States function as efficiently if states were dissolved? Ultimately, states are necessary for our federal government to function. Since the ratification of the U.S. Constitution, Founders believed in a division between governments to ensure no single entity would gain power. While a division between levels of government is needed to secure the rights of citizens, history has indicated a struggle for power between national and state institutions. The…

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    Federal Grant Types

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    A federal grant is monetary funding awarded by the United States Federal Government to a recipient for humanitarian purposes or for the good of the general population. Federal Grants have specific guidelines and failure to follow these mandated guidelines can lead to severe legal impact for the recipient. These grants are awarded to state and county governments or to not for profit organizations. Individuals and businesses do not qualify for federal grants directly. These grants are…

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    Federal Versus State Many different aspects of governments go through power struggles, but sometimes it is which government itself is more powerful. The struggle between Federal Government and the state has existed since colonization. Both often feel that one should have more power than the other, but also are unsure which one does in fact have more power. Several events and documents have changed these standings over time in many different ways. One of the first documents created that gave…

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    Federal Monetary System

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    The monetary policy, and the whole monetary system in the United States is controlled by the Federal Reserve, which is the central bank of this country. In other words the "Fed" is able to oversees the banking system and regulate the quantity of money in the economy. It was created in the 1914, after bank failures of 1907. It is run by the Board of Governors, which has seven members, including the chairman. Currently this position is held by Janet Yellen. The main headquarters is located in…

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