1913 December 23 Federal Reserve Act Signed into Law
Who: Federal Reserve & US Government
What: Federal Reserve is granted control of the issuance and regulation of US currency.
Where: United States of America
Why: Provide a ready reserve of liquid assets in case of financial panics and would also provide for a currency that could expand and contract as the seasonal U.S. economy dictated.
Where: USA
Player: JP Morgan, co-founder of the Federal Reserve
Player: JD Rockefellar, co-founder of the Federal Reserve
Player: President Woodrow Wilson
