History of the United States II / Unit 11 USH2 1539 short lesson, about 20 seconds
The Banking Act of 1935
Captions available
The idea
The Banking Act of nineteen thirty-five placed the regional Federal Reserve banks under a seven-member board of governors.
In practice
Authority over the nation's money gathered in Washington rather than in regional banks.
Where people slip
Unit six taught the Federal Reserve's creation. The anchor names this act, with the relief appropriation and Social Security, as laws that still define the country.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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