Progressive Movement Practice Exam 2025 – Comprehensive All-in-One Guide to Exam Success!

The main objective of the Federal Reserve Act of 1913 was to regulate the economy and provide stability. This landmark legislation created the Federal Reserve System, which serves as the central banking system of the United States. Its primary goals included managing inflation, supervising and regulating banks, ensuring a stable financial system, and serving as a lender of last resort. By establishing a more flexible and secure banking system, the Federal Reserve aimed to respond effectively to financial crises, improve the flow of credit, and maintain public confidence in the financial system. The establishment of the Federal Reserve marked a significant shift in how monetary policy would be implemented in the U.S., aiming to prevent the kind of economic instability that had led to bank runs and financial panics in the past.

The other options address significant social and environmental issues but are unrelated to the Federal Reserve Act. Establishing a national park service, allowing women to vote, and prohibiting child labor each pertain to different legislative efforts aimed at addressing those specific societal concerns.