Post #3344765
2026-06-10 23:52 UTC
What’s you idea behind how the Federal Reserve came to be, what it is, and how that might differ from how it’s perceived? Anything? — just curious
Replies (2)
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@MajinBlayze@lemmy.world 2026-06-11 00:38
Google is that way ⬆️
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@GarboDog@lemmy.world 2026-06-11 06:50
Far as we remember, banks have always been a thing in one way or another, however one too many banks got robbed, destroyed or worse, everyone cashed out all at once; caused the US gov to initiate an insurance policy, which needed a treasury to fulfill those insurance policies, it was a way to help banks. We think that was the beginning of the US federal reserve; if our memory serves us right. Idk the year or specifics, just that tidbit from history. If we’re wrong then please lmk lol