Who: The United States congress created The Federal Reserve System in a vote in hope to stabilize America economically.
What: The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system.
When: It was created on December 23, 1913
Where: Created by Congress.
Historical Significance: The Federal Reserve helped make the nation safer, more flexible, and more stable.