I would like a full lesson on the Federal Reserve System.
Questions the lesson should answer.
Why was the Federal Reserve System was created (history of the banking system, money, panics etc...)
History of Central Banks in America
Acts passed by Congress related to the Federal Reserve such as the National Banking Acts, The Federal Reserve Act
The purpose of the Federal Reserve System
The structure of the Fed (for example, the board of governors, FOMC, regional branches etc...)
Arguments for why the Federal Reserve is good
Arguments for why the Federal Reserve is not good
I want this to be educational the way a textbook college textbook is. Throughout this lesson I need definitions of key words used. For example, since the Federal Reserve is a central bank, I want a short definition of what a central bank is in the same way that a textbook would read.