One of the most important squid-spawning areas in Monterey Bay is a wide, flat, sandy area directly offshore of Monterey's Fisherman's Wharf. This area is a convenient fishing spot for the Monterey fishing fleet and a convenient feeding spot for the large packs of sea lions that hang out on Monterey Breakwater in May.
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.Congress also empowered Federal Reserve Banks to issue Federal Reserve notes.he 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.
He also sought and was given broader Presidential powers for the duration of the war. A War Commission Board restricted production to war supplies. Woodrow Wilson instituted the first federal income tax since the Civil War. On June 28, l919 the Treaty of Versailles was signed, ending World War One. Wilson set out his plan for the implementation of peace in his famous Fourteen Points. An important point was an organization of nations to enforce peace.