Describe the reasons behind the creation of a central bank in the United States. Explain how the existence of a central bank would have helped lessen the effects of the 1907 banking crisis in the United States.

Read the essay from The Economist on financial crisis https://www.economist.com/news/essays/21600451-finance-not-merely-prone-crises-it-shaped-them-five-historical-crises-show-how-aspects-today-s-fina , focusing especially on sections, 1, 5, and 6 Describe the reasons behind the creation of a central bank in the United States. Explain how the existence of a central bank would have helped lessen the effects of the 1907 banking crisis in the United States.