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The banking crisis of 1907 motivated Congress to appoint the National Monetary Commission to study the monetary and banking problems of the economy, which resulted in the creation of the Act of 1913.
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The banking crisis of 1907 motivated Congress to appoint the National Monetary Commission to study the monetary and banking problems of the economy, which resulted in the creation of the Act of 1913.
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GPT-4o mini
The banking crisis of 1907 motivated Congress to appoint the National Monetary Commission to study the monetary and banking problems of the economy, which resulted in the creation of the **Federal Reserve Act** of 1913.
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