Write a note on The Federal Reserve System. The Federal Reserve System (also known as the Federal Reserve‚ and informally as the Fed)‚ is the central banking system of the United States. It was created on December 23‚ 1913‚ with the enactment of the Federal Reserve Act. Over time‚ the roles and responsibilities of the Federal Reserve System have expanded‚ and its structure has evolved. Events such as the Great Depression were major factors leading to changes in the system. The U.S. Congress established
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Should we close Guantanamo Bay‚ and move the inmates to a federal prison in the U.S ? Are they getting the rights they should be getting? Many people are convinced that Guantanamo Bay should be shut down for a handful of reasons‚ one of them is that they’re not getting treated like they should be‚ it is also an exorbitant amount of money that us taxpayers pay just to run and keep open‚ some are in their with no trail no chance to prove their innocence. The people who are locked up in here are
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Prison Overcrowding Harms Everyone March 18‚ 2009 Com 220 Axia College of University of Phoenix Did you know that the USA with 5% of the world’s population has 25% of its prisoners‚ making it the world’s no#1 jailer? The most recent statistics from the Department of Justice states that 1 out of every 30 men between the ages of 20 and 34 has been jailed. Most likely‚ every person in the USA has either been incarcerated or knows
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M7A1 Case Study 3: California Prison System AB 109 and AB 117 were introduced to ease the pressure of the federal and state budget through saving costs on the penitentiary system. In this regard‚ the reduction of the prison population and the transfer of a part of the prison population to county jails was one of the main provisions of AB 109 but AB 117 actually discharges provisions of AB 109. Such a paradoxical situation is the result of scarce financial resources
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INTRODUCTION The Federal Republic of Nigeria is located in the Western part of Africa. It became an independent state on October 1‚ 1960‚ after about 100 years under British colonization‚ and attained a republican status within the British Commonwealth three years after in 1963. Since independence‚ Nigeria has come under both military and civil administrations. On 29 May 1999‚ after a general election which ushered in the present democratic dispensation‚ popularly referred to as “the Fourth Republic”
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The federal court system is made up of 3 layers: the district courts‚ the circuit courts. These are the first layer of appeal. The final layer is appeal in the federal courts. There are 94 district courts‚ 13 circuit courts‚ and one Supreme Court throughout the country. The Supreme Court is the only court specifically mentioned in the Constitution; Article III mentions the Supreme Court. District courts were created by acts of congress. All the judges and justices are picked by the president
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presidency of Woodrow Wilson that established the Federal Reserve Bank and made the Federal Reserve System a crucial aspect of the United States’ government. The Federal Reserve System is contemplated to be an independent central bank; however‚ is sometimes referred to as "independent within the government” and is considered to be the central bank of United States. Ever since 1913‚ the United States of America has relied on its Federal Reserve System to control the country’s currency and interest rates
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Canada runs under a federal government. There are many factors and roles that help run this system. In the Federal System‚ there are 3 main branches that make up this system. These include the Executive‚ Legislative and the Judicial Branch. Along with this‚ there are 3 main governments; Federal‚ Provincial‚ and Municipal. The Federal Government is apart of the Judicial Branch where they decide who has broken the law and set penalties. Along with dealing with laws listed in the Constitution
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“The Federal Reserve System is the central banking system of the United States. It was created in 1913‚ with the enactment of the Federal Reserve Act. Its duties today are to conduct the nation’s monetary policy‚ supervise and regulate banking institutions‚ maintain the stability of the financial system and provide financial services to depository institutions‚ the U.S. government‚ and foreign official institutions.” The constitutionality of the Federal Reserve System (FED) has been a topic of
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In 1787‚ the Constitution of the United states created the Judicial Branch of government‚ which the Supreme Court represents. It has grown from six justices to nine‚ which include one chief justice and eight associates who are appointed for a lifetime term by the president of the United States.At the Constitutional Convention of 1787‚ the delegates shared a commitment to an independent judiciary. They agreed that an indispensable part of any well-organized republican government was a separate and
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