The Federal Reserve works to promote a safe, efficient, and accessible system for U.S. dollar transactions.
The Federal Reserve began operating an electronic payment Automated Clearing House system in the 1970s to provide a substitute for paper checks.
President Nixon's 1971 economic plan, sometimes referred to as "Nixonomics," ended gold convertibility and imposed wage and price controls
The controversial and consequential policies of FDR regarding gold and dollars
Congress charged the Federal Reserve with using the nationwide scope of its operations to improve the check payments system