The Federal Reserve System is the central bank of the United States. ... Andrew Jackson did not like the idea of a central bank controlling the money and refused to renew the charter. ... In 1907 Americans agreed that some kind of "authority" was needed to ensure a currency that was elastic. 1912 the election of Woodrow Wilson had a plan of a decentralized central bank under public control. ... So the Central bank was born but not with out future roadblocks that had to be overcome and In 1914 World War I broke out and emergency currency was issued to help banks operate. 1929...

• Word Count: 1833
• Approx Pages: 7
• Grade Level: High School

The term World Bank refers to only IBRD and IDA. ... The World Bank opened for business on June 25, 1946. ... Today, the World Bank has a lending portfolio of $144 billion.  ... But they also wanted IDA to be imbued with the stern discipline of a bank. ... IDA supports governments as they eliminate wasteful public enterprises and central government controls on business, and as they open up markets and encourage private investment.  ...

• Word Count: 3014
• Approx Pages: 12
• Has Bibliography
• Grade Level: Undergraduate