The Federal Reserve Act of 1913

The Federal Reserve Act passed in 1913, by President Woodrow Wilson. The groundwork for this act was established back in 1910 on "Jekyll Island", which was privately owned by a small group of millionaires at that time. These well-known millionaires created The Federal Reserve three years before the act itself was passed. The "Fed" prints and issues monies through the treasury and regulates its value. The Federal Reserve is a private corporation controlled by bankers.