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.
Stator of a 3-phase AC-motor. Stator of a brushless DC motor from computer cooler fan. The stator is the stationary part of a rotary system, found in electric generators, electric motors, sirens, or biological rotors. The main use of a stator is to keep the field aligned.tator winding of a generator at a hydroelectric power station. The stator of these devices may be either a permanent magnet or an electromagnet. Where the stator is an electromagnet, the coil which energizes it is known as the field coil or field winding.