The Federal Reserve Act: Making the American Banking System Stronger

by Melanie Ann Apel

The American banking system after the Civil War was not centralized but rather functioned independently in different geographical areas. Policies were not coordinated to insure that the money supply was sufficient to keep governments and businesses running properly. Through the efforts of the progressives, the Federal Reserve Act was passed to devise and implement a plan to stave off problems in currency, policies, and the money supply.

32 pages, Library Binding

First published May 1, 2004

About the author

Melanie Ann Apel began writing about Cystic Fibrosis in 1995 and has since published more than 40 non-fiction books for children and young adults. She worked as a pediatric respiratory therapist at Children's Memorial Hospital in Chicago for six years.