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.
Getting Started With Money. The Federal Deposit Insurance Corporation (FDIC) was set up as a response to the number of bank failures during the Great Depression in the 1930s. It is an agency that is backed by the government and insures the money that you have deposited in your bank in the event that the bank fails.