Depression

The Great Federal Depression. Within 15 years of the creation of the Federal Reserve Bank the U.S. experienced it's worst depression. The depression was initiated when the Federal Reserve Bank changed the valuation of the dollar then refused to provide banks with dollar bills causing a panic and a run on the banks. The primary beneficiaries of the depression were the owners of the bank and their colleagues. In the ensuing panic, the bankers brought one of their own out of retirement from the Morgan/Rothschild banking cartel and made him president. FDR has arguably, along with GWB and Lincoln have been the nations worst presidents.