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Congress voted on the Federal Reserve Act on December 22nd, 1913 between the hours of 1:30 AM and 4:30 AM. A substantial portion of Congress was either sleeping at the time or was already at home with their families celebrating the holidays. The president that signed the law that developed the Federal Reserve, Woodrow Wilson, later sounded like he incredibly a lot regretted the decision when he wrote the following…. “A good industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are inside the hands of a few men … [W]e have come to be 1 of the worst ruled, 1 of probably the most totally controlled and dominated, governments in the civilized world–no longer a government by totally free opinion, no longer a government by conviction and also the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.â€
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