History, 31.07.2019 12:40 leeleelynn

Which of the following facts would support the argument that the federal reserve act of 1913 paved the way for the u. s. to become a major world economic leader? the federal reserve act of 1913 loosened international trade restrictions, allowing more exports from the u. s. to be sold overseas. the federal reserve act of 1913 gave u. s. banks the ability to expand u. s. banking in foreign countries, thus spreading the use of the u. s. dollar worldwide. the federal reserve act of 1913 allowed u. s. banks to lend money to foreign businesses, thus creating a larger international trade network. the federal reserve act of 1913 established a centralized national bank, which was better insured and more respected worldwide, thus opening more doors for international trade.

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