Assorted References. 1  American Civil War (in Remembering the American Civil War: The poetry and songs of the Civil War) 2  imagergy (in poetic imagery) 3  importance to literature (in literature: The scope of literature) 4  translation difficulties (in language: Translation)
It was created on December 23, 1913, with the enactment of the Federal Reserve Act in response to a series of financial panics (particularly the panic of 1907) that showed the need for central control of the monetary system if crises are to be avoided.
Birth of the Bank. In February 1791, the First Bank of the United States (1791-1811) received a unique national charter for twenty years. Alexander Hamiltonâs brainchild, a semi-public national bank, was a crucial component in the building of the early U.S. economy.