Economics is defined as the wealth-producing segment of society. ... Economics exists because all human beings have needs and desires. ... Banking in the America of 1863 was far from easy or dependable. ... The Federal Reserve Act of 1913 established the Federal Reserve System as the central banking authority of the United States. ... He received a B.S. in economics (summa cum laude) in 1948, an M.A. in economics in 1950, and a Ph.D. in economics in 1977, all from New York University. ...

• Word Count: 1432
• Approx Pages: 6
• Has Bibliography
• Grade Level: High School

The Great Depression was a severe economic downfall, starting in 1929 and lasted until about the late 1930's or early 1940's. The Great Depression was the longest and most widespread depression of the 20th century. Economists have very different ideas and theories about what exactly caused the Great...

• Word Count: 1629
• Approx Pages: 7
• Has Bibliography
• Grade Level: High School