The Origins of the Federal Reserve

Everything Everywhere Daily

Gary Arndt

History, Education

4.8 • 1.8K Ratings

🗓️ 3 November 2025

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

In 1913, the United States created its third national bank. Unlike the previous two, this bank was organized in a completely different manner. It was organized differently, in an effort to avoid the problems of the previous national banks. Also, unlike the previous national banks, the creation of the Federal Reserve was not done openly and subject to public debate. It was created using secrets and subterfuge. Learn more about the creation of the Federal Reserve and the very odd way it was created on this episode of Everything Everywhere Daily. Sponsors Quince Go to quince.com/daily for 365-day returns, plus free shipping on your order! Mint Mobile Get your 3-month Unlimited wireless plan for just 15 bucks a month at mintmobile.com/eed Stash Go to get.stash.com/EVERYTHING to see how you can receive $25 towards your first stock purchase. Newspaper.com Go to Newspapers.com to get a gift subscription for the family historian in your life! Subscribe to the podcast! https://everything-everywhere.com/everything-everywhere-daily-podcast/ -------------------------------- Executive Producer: Charles Daniel Associate Producers: Austin Oetken & Cameron Kieffer Become a supporter on Patreon: https://www.patreon.com/everythingeverywhere Discord Server: https://discord.gg/UkRUJFh Instagram: https://www.instagram.com/everythingeverywhere/ Facebook Group: https://www.facebook.com/groups/everythingeverywheredaily Twitter: https://twitter.com/everywheretrip Website: https://everything-everywhere.com/ Disce aliquid novi cotidie Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	In 1913, the United States created its third national bank. Unlike the previous two, this bank was
0:06.6	organized in a completely different manner. Its structure was designed to avoid the problems of the
0:11.5	previous national banks. Also, unlike the other national banks, this one was not subject to an
0:17.8	open and lengthy public debate. There was actually a fair amount of secrecy involved.
0:23.0	Learn more about the creation of the Federal Reserve and the very odd way it was created
0:27.3	on this episode of Everything Everywhere Daily. You know, when I started this podcast, it felt like I had to become 10 people overnight.
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