 |
| The Federal Reserve was created in 1913 in response to the nation's recurring banking panics. But 1913–33 was a time of great financial instability, and the creation of the Fed did not end banking problems right away. |
| The Fed System |
The Great Depression and bank crisis in the 1930s led to reforms |
  |
 |
| |
In 1933 the United States officially retreated from the gold standard |
$20 Liberty head, 1904 |
$10 Liberty head, 1904 |
$5 Liberty head, 1907 |
$2.50 Liberty head, 1905 |
$20 Saint-Gaudens, 1924 |
$10 Indian head, 1913 |
$5 Indian head, 1912 |
$2.50 Indian head, 1915 |
| |
Four U.S. gold certificates, Series 1928 |
  |
  |
| |
|
|
