Later that day, President Woodrow Wilson signed the Federal Reserve Act into law. The Federal Reserve Act is considered one of the most significant accomplishments of the Wilson Administration.

In 1913, Congress created the Federal Reserve Act, which established the Federal Reserve system as we know it. President Woodrow Wilson signed the act into law on December 23, 1913. When the Fed ...

President Woodrow Wilson signed the Owen-Glass Act, creating the Federal Reserve System, an independent agency of the U.S. Government. Before Federal Reserve began its operation in November 1914, ...

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