U.S History II
“U.S. Federal Reserve Board.” World History: The Modern Era. ABC-CLIO, 2015. Web. 30 October 2015.
This article explains what is the Federal Reserve. It is the bank of the United States which was established in 1913. This article provides history of the Federal Reserve and it also explains the Federal Reserve contribution to the successful economy of this country. It also explains how they keep the economy of this country stable.
Richardson, Gary. “The Great Depression.” Federal Reserve History. 2 April. 2014. Web. 30 October 2015.
This is an essay that was written and published on the Federal Reserve History website that was written by Ben Bernanke who is a former member of the Federal Reserve Board of Governors. Ben speaks about how the Federal Reserve was a major contributor to the Great Depression and what led it to be one of the greatest disaster in American History. He explains certain plans the Federal Reserve took that instead of softening the recession, they made it worse.
Williams John, C. “The Federal Reserve and the Economic Recovery.” Federal Reserve Bank of San Francisco. 17 January 2015. Web. 30 October 2015.
In this article, it speaks about the recession of 2007-2009. The causes and how the Federal Reserve, the bank of the United States used different strategies on how to soften the recession and stabilize the economy. This article explains what lead to the recession that almost turned into another Great Depression.
Wheelock David, C “Lesson Learned? Comparing the Federal Reserve’s Responses to the Crisis of 1929-1933 and 2007-2009” Federal Reserve Bank of St. Louis. April 2010. PDF. 30 October 2015
This is paper written by David Wheelock who is a researcher and had his paper published on the St. Louis Federal Reserve Bank. He compares the 2 crisis and how the federal reserve approached both crisis. He also explains in to detail what strategies they used during the Great Depression and what they did during the Recession of 2007-2009.