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The Federal Reserve, established in 1913, was the leading cause of the Great Depression. They induced the Depression in a number of ways that is directly correlated to the collapse of the US economy. They played a key role in the stock market crash in 1929 and the economic failure that followed with policies that were horrid and also failed to address the new concept of the Wealth Effect and unequivocal distribution of wealth. They also exposed …

…Consumer safety was the very thing they had failed to protect in the ten years of the Great Depression. The Federal Reserve was the largest catalyst for the Great Depression. It was the driving cause behind the stock market crash; it did not deal with the Wealth Effect; it was enormously exposed to foreign banks that were suffering worse than the US; and they failed to realize what had caused it and institute reforms afterwards.