President Woodrow Wilson signed the Federal Reserve Act on December 23, 1913. The Act established the Federal Reserve System to oversee the nationâs money supply and provide an âelasticâ currency that could expand and contract in response to the economyâs changing demand for money and credit.ince the creation of the Federal Reserve, other pieces of legislation have shaped the structure and operation of the nationâs central bank. Following the Great Depression, Congress passed the Banking Act of 1935, which established the Federal Open Market Committee (FOMC) as the Fedâs monetary policymaking body.
The purpose of carbon brushes is to reduce wear on the commutator, compared with what metal brushes would do. In many cases, carbon brushes can be made long enough that they will not wear out while a device would otherwise be usable; when they do wear out, they can be readily replaced.
Electric motors are everywhere! In your house, almost every mechanical movement that you see around you is caused by an AC (alternating current) or DC (direct current) electric motor. A simple motor has six parts: How Brushless Electric Motors Work.