National Monetary Commission

The National Monetary Commission was established in 1908 in the United States to study and recommend improvements for the country’s banking and financial systems after the Panic of 1907. Its goal was to create a more stable and efficient way to manage money, prevent future banking crises, and develop a central banking authority. The commission’s work influenced the creation of the Federal Reserve System in 1913, which today serves as the country’s main institution to regulate banks, control the money supply, and promote economic stability.