Since its creation on December 23, 1913, the Federal Reserve System--which, in generalized terms, is America's central bank--has greatly benefited the United States' economy. Toward that end, the Federal Reserve System has created and maintained many services for both the government and citizens of the United States; these services include the regulation of financial institutions, maintaining of the payments system and consumer protection laws, and conducting and overseeing monetary policy. Only a logical and stable financial network could carry out the aforementioned services, whose principles would adapt to economic issues and crises as they arise.…
