Question

The Federal Reserve System was born out of a compromise between which
two sets of interest groups?
A. States' rights advocates and Federalists
B. Farmers and manufacturers
C. Union leaders and fiscal conservatives
D. Bankers and populists

Answer 1

Answer:

Option D

Explanation:

1913: The Federal Reserve System is Born

By December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law, it stood as a classic example of compromise—a decentralized central bank that balanced the competing interests of private banks and populist sentiment.