Question

Because of the feds the United States has

Answer 1

Step-by-step explanation:

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By ADAM HAYES Updated October 04, 2023

Reviewed by MICHAEL J BOYLE

Fact checked by SUZANNE KVILHAUG

What Is the Federal Reserve System (FRS)?

The Federal Reserve System (FRS) is the central bank of the United States. Often called the Fed, it is arguably the most influential financial institution in the world. It was founded to provide the country with a safe, flexible, and stable monetary and financial system.

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The Fed has a board of seven members and 12 Federal Reserve banks, each operating as a separate district with their own presidents.

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KEY TAKEAWAYS

The Federal Reserve System is the central bank and monetary authority of the United States.

The Fed works to provide the country with a safe, flexible, and stable monetary and financial system.

The Federal Reserve System is composed of a board of seven members, 12 regional Federal Reserve Banks, and the Federal Open Market Committee.

The Fed's main duties include conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services.

The Federal Open Market Committee is the Fed's monetary policy-making body and manages the country's money supply.

Answer 2

Federalism has been a source of conflict in U.S. history because it entails a balance of power between national and state governments. This has often resulted in divergent policies among states and debates about the appropriate levels of authority, especially during significant events that prompted shifts in the balance of power, such as the 9/11 attacks and the COVID-19 pandemic.

Step-by-step explanation:

The concept of federalism has been a major source of conflict throughout the history of the United States due to its unique nature of power sharing between national and state governments. This power sharing has led to situations where states can enact policies that may directly contrast with those of neighboring states, as seen with varying laws on issues such as same-sex marriage. Moreover, the use of Fiscal Federalism, in which the national government exercises power over state policies through financial incentives, has fostered both coordination and contention between different levels of government.

Historically, the United States has grappled with the balance of power between a centralized federal government and more autonomous state governments. From the weak central governance under the Articles of Confederation to the establishment of a stronger federal system with the U.S. Constitution in 1789, and the subsequent evolution of federal power through policies, there has been an ongoing debate about the appropriate level of federal versus state authority. The tension was evident during the responses to events such as the 9/11 attacks, where federal power increased with the creation of departments like Homeland Security and TSA, and more recently, in the differing state responses to the COVID-19 pandemic concerning mask mandates and social distancing regulations.