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The Birth of the Federal Reserve: Understanding the Nature and Logic of the US Dollar Roger Lowenstein170k Wordscompleted The U. S. Dollar is the foundation of the international financial system. As the institution that issues U. S. Dollars, the Federal Reserve's influence is everywhere, and every adjustment it makes has a profound impact on the international financial system. However, before the birth of the Federal Reserve in 1913, the United States did not even have a unified currency, the financial market had no ability to resist risks, and its economic strength was only second-rate in the world. As the Federal 27Reads8.8Score—Shelves