Retrieving "Commercial Assets" from the archives

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1. Federal Reserve

   Linked via "commercial assets"

   The impetus for creating a central banking entity arose from recurring liquidity crises, notably the Panic of 1907. Unlike European counterparts such as the Bank of England, the US financial structure resisted central authority due to deeply ingrained suspicions regarding concentrated financial power. The Aldrich-Vreeland Act of 1908 established the [National Monetary…