Question

question 4 of 20

which progressive goal was achieved by the passage of the federal reserve act?

a. supporting conservationism by preserving natural resources
b. eliminating the spoils system by preventing politicians from rewarding friends
c. establishing a central bank for readiness in panics and recessions
d. preventing one business from controlling an entire industry

Explanation:

Analyze the Federal Reserve Act

Using the Progressive Era Legislation knowledge point
The Federal Reserve Act of 1913 established the Federal Reserve System as the central banking authority of the United States. Its primary purpose was to create a flexible, stable monetary and financial system capable of responding to economic panics, recessions, and banking crises.

Evaluate the answer choices

Using the Progressive Era Reform knowledge point

• Option A describes environmental conservation, which is unrelated to banking.
• Option B describes civil service reform (such as the Pendleton Act), not banking.
• Option C directly aligns with the creation of a central banking system to manage financial stability and respond to economic panics.
• Option D describes antitrust legislation (such as the Sherman or Clayton Antitrust Acts), not monetary policy.

Answer:

• A. Supporting conservationism by preserving natural resources
• B. Eliminating the spoils system by preventing politicians from rewarding friends
• C. Establishing a central bank for readiness in panics and recessions (Correct answer)
• D. Preventing one business from controlling an entire industry