Question

Question 6

1 points
During the Progressive Era, the federal government took several measures to protect the public interest. Which of the following actions was taken to regulate banking?
O establishment of the Federal Trade Commission
O ratification of the Seventeenth Amendment
O creation of the Federal Reserve System
O reorganization of the Stock Market Exchange

Answer 1

The federal government took several measures to protect the public interest during the Progressive Era. One of these measures was the creation of the Federal Reserve System to regulate banking.

Step-by-step explanation:

During the Progressive Era, the federal government took several measures to protect the public interest. One of the actions taken to regulate banking was the creation of the Federal Reserve System. This system was established in 1913 and it aimed to provide a stable banking system, regulate the money supply, and prevent financial crises.

Learn more about Regulating banking during the Progressive Era