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@VooDooMedic I'd like to mention that the United states had attempted several times to create central banks:
* Bank of North America: charter repealed in 1785 due to corruption.
* First Bank of the United States: Charter not renewed before the war of 1812.
* Second Bank of the United States: Charter expired in 1836 under Andrew Jackson's refusal to renew it.
@VooDooMedic
Then in 1913 under the recommendations of a Republican-led commission a fellow by the name of Woodrow Wilson signed a bill creating the Federal Reserve System to create a centralize bank to control the regional Federal Reserve banks.
@VooDooMedic
* The 1863 National Banking Act created the precursor to what would be the Fed, and implemented many practices such as a uniform national currency with bank notes, which were different from the paper money the treasury issued, backed by government debt rather than precious metals.