The Feds And Their Powers
Who, What, When, Where, Why, and How
The federal government is composed of three branches
The What (their powers)
The federal government has certain powers, such as
- collecting taxes
- Building roads
- making and enforcing laws
- and Establishing courts
The Federal Reserve was created in 1913, by president Woodrow Wilson, on December 23
The Federal Reserve is located in Washington D.C.
It was created to proved the nation and its citizens with a safer, more flexible, and more stable financial system
The How (how it uses its powers)
The Feds use their power to raise or lower business rates, raise or lower the reserve, and to have open market operations.