The Federal Reserve Bank and the Decline of the U.S. Economy Essay

There is mayhap no other political issue in our contemporary ball club that is more pertinent, pervasive, and encompassing than a nations economy. From the first coins apply in Greece and the Asia Minor in the 7th century BCE, to the earliest uses of written report m superstary, history has proven time and time again that the control of a regions economy is absolutely crucial to maintaining social constancy and prosperity. Yet, for over a century scholars have continued to speculate wherefore the united States, one of the worlds strongest and most influential countries, has one of the most unstable economies. Although the causes of this economic instability can be attributed to quadruplicate factors, nearly all economists agree that they have a common root the federal Reserve Bank the official central bank of the joined States. Throughout the course of this paper, I give attempt to determine whether or not there is a causal relationship between the national Reserv e Banks monetary policies and the decline of the U.S. economy. I will do this through a brief analysis of the history and routine of this institution, in addition to the central banking system in general. In turn, I will argue that the reckless and intentional manipulation of the economy by the Federal Reserve Bank, through inflation and the abolishment of the gold standard, has conduct to the current economic crisis in the United States.Before we begin our investigation, it is instant that we understand the historical role of the central bank in the United States. Examining the traditional motives of this institution over time will help the commentator observe a direct correlation between it and its ability to garble an economy. To start, I will examine one of its central policies... ...iew 26.4 683-690. JSTOR Database. Web. 18 Nov. 2010.Sprague, O.M.W. The Federal Reserve Act of 1913. The MIT Press 28.2 (1914) 213-254. JSTOR Database. Web. 18 Nov. 2010.Sproul, Allan. The Go ld Question. Vital Speeches of the twenty-four hours 16.4 (1949) 108. Academic Search Complete. EBSCO. Web. 18 Nov. 2010.United States. Federal Reserve Bank. ofttimes Asked Questions. Mar. 2007. The Federal Reserve Board. Web. 13 Dec. 2010.United States. U.S. Department of the Treasury. Historical Debt capital Annual 1791 1849. Aug. 2008. Treasury Direct. Web. 13 Dec. 2010.United States Constitution. Amendment 10.USdebtclock.org. U.S. National Debt Clock, 2010. Web. 13 Dec. 2010.