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The Federal Reserve System is the main financial system of the United States. Federal Reserve history starts in 1913 with the enactment of the Federal Reserve Act, developed in feedback to prior strains on the monetary system and bank runs. One of the most extreme of which was the Panic of 1907. Gradually, the parts as well as responsibilities of the Federal Reserve System have expanded as well as its framework has actually evolved. Causing a location in time where which possesses the Federal Reserve and eventually make money from the "business" of the Federal Reserve.