The dollar is our accepted US currency, but it’s not issued by the Treasury. That responsibility has been given to The Federal Reserve and the (FED) was created by the federal government in 1913, largely to respond to a series of financial panics.
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The Concept: A National Currency
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The dollar is our accepted US currency, but it’s not issued by the Treasury. That responsibility has been given to The Federal Reserve and the (FED) was created by the federal government in 1913, largely to respond to a series of financial panics.