Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Alot of the founding fathers of America seem to be in a constant battle with the federal reserve?
Or an idea of a centralised bank. Did they loose the battle?
8 Answers
- Anonymous1 decade agoFavorite Answer
The creation of the Federal Reserve was probably the biggest mistake in this Country's history... and I mean that literally, not as a figure of speech.
If you don't know the dangers of the Federal Reserve and the way that EVERY dollar is LOANED to America (with interest).... you need to do some research.
With a "central bank", it is INEVITABLE for our currency to collapse and our economy to implode. TIME is the only factor.
- Huh?Lv 71 decade ago
The first centralized bank, the First Bank of the United States was proposed by Alexander Hamilton, supported by President Washington and passed in the first Congress.
There were some founders that didn't support a centralized bank and there were founders that did. "A lot (it is two words not one)" was apparently not a majority since the bill passed and the bank was chartered in 1791. So yes, those that did not support the bank lost, the "battle" ended 200 years ago.
- Anonymous1 decade ago
Here in the US the last president to campaign on shutting down the central banks was Democratic Republican Andrew Jackson. Not sure why the Republcians dropped the Democratic word.
- Anonymous1 decade ago
You're confusing the founding fathers with people of a younger generation.
The men who proposed a central bank, just as much founding fathers as those who opposed it.
You fight a war, you have to figure out a way to pay for it.
- How do you think about the answers? You can sign in to vote the answer.
- maxmomLv 71 decade ago
The founding fathers have been dead for over 200 years.
The Fed was created in 1907.
- Anonymous1 decade ago
Got any examples?
Was it the same ones who fought hard to retain slavery?