The US Federal Reserve was created in 1913 — before that, banking panics regularly devastated the economy.
Fact #8039
👍 0 · 👎 0
More History Facts
In 1904, an Olympic marathon included bizarre obstacles and poor organization.
Fact #786 · History
In 1920, a town in Minnesota briefly elected a bear as mayor in a publicity stunt.
Fact #773 · History
The modern Olympic Games began in 1896 in Athens, Greece.
Fact #921 · History
Ancient Romans built extensive road networks across Europe.
Fact #181 · History
The 1883 eruption of Krakatoa created global atmospheric effects.
Fact #841 · History
In 2000, a massive fireworks accident damaged part of a Dutch city.
Fact #802 · History
In 1961, Yuri Gagarin became the first human in space.
Fact #1006 · History
The Manhattan Project changed the course of global history.
Fact #1026 · History
Want more facts?
We have over 11,491 facts across 15 categories.