The American Republic created the first federal reserve system.
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created the federal reserve system
The Federal Reserve is the central banking system of the United States. It was created in the year 1913. Ben Bernanke is the chairman of the Federal Reserve. He has been the chairman since 2006. Before him, Alan Greenspan was the chairman of the federal reserve.
To provide consumers with access to funds for business expansion
Federal system is a dual government system in which nation is divided into different states and single central government .
It is responsible for FDIC