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The final
authority over these banks was granted to the Federal Reserve Board, which
guaranteed a substantial measure of public control. The board was also
empowered to issue paper money called "Federal Reserve Notes." The amount of
money in circulation could be swiftly increased as needed for the legitimate
requirements of business...
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Again making a
personal ap-pearance to address Congress with his propositions helped dramatize
the situation and sway the support towards his ideas. Congress responded with
the Federal Trade Commis-sion Act of 1914. The new law empowered a
presidentially appointed commission to toughen regulations on interstate
commerce...
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General points of the essay
Wilson, Woodrow
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Federal Reserve
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The Federal Reserve Board
Woodrow Wilson And His Ability To Be An Effective President
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The Development of the Federal Reserve
Woodrow Wilson And The Presidency
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