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Slide 1Money and Banking Economics Chapter 10 Section 2 & 3 Notes Slide 2 Alexander Hamilton: Shaping a Banking System The First Bank of the United States In 1789, became…

Slide 1Money, Output, and Prices Slide 2 M1 Money SupplyCPI (1987=100) Over the long term, money is highly positively correlated with prices, but uncorrelated with income…

Slide 1 Economic Update Wars and increasing numbers of retiring boomers will seriously implode US debts. Who is buying all that debt? China, Saudi Arabia and other countries…

Slide 1 Monetary Policy Slide 2 Role of the Federal Reserve Est. by President Wilson in 1913 Supervises member banks Holds Cash Reserves funds available for short-term borrowing…

Slide 1 Woody and Progressivism Slide 2 Assaulting the Triple Wall of Privilege Tariffs Trusts Banks Reforming the 3 sectors that hurt the common man Slide 3 The Tariff Issue…

Slide 1 Legislation of the Progressive Era Slide 2 Pendleton Civil Service Act 1883 0 The Pendleton Civil Service Act 0 government jobs should be awarded on the basis of…

Slide 1 Abhi Namboorimadam Abhi Namboorimadam Bhumi Joshi Bhumi Joshi Ritika Tondak Ritika Tondak Suresh Kumar Suresh Kumar Slide 2 Slide 3  The Federal Reserve is the…

PART 2 CHAPTER 18 CHAPTER 20 – Part 1 THE FEDERAL RESERVE WRECKS AMERICA The Lost Science of Money 1 THEMES OF LOST SCIENCE OF MONEY BOOK Primary importance of the money…

Monetary Policy 1. Discount Rate 2. Reserve Ratio 3. Bonds Ben Bernanke There is $800 billion in currency [notes & coins]. Money = paper notes + coins + Demand Deposits…