The US Federal Reserve was established in December 1913. It was set up under the Federal Reserve Act with an aim to present a solution to financial downs, especially in 1907, in the US market.
NATO was created after World War II when Western countries, led by the United States, wanted to protect themselves against the Soviet Union and prevent the spread of communism in Europe.
The words “Equal Justice Under Law”, written above the main entrance of the US Supreme Court building in Washington, DC, epitomise what it stands for.
Healthcare costs in the US are among the highest globally, driven by expensive treatments, prescription drugs, and administrative costs.
The US dollar was not always the world’s strongest or dominant currency. But its rise to global prominence was gradual and shaped by historical events
The US federal budget outlines how the government allocates funds each year to support public programmes, services and debt obligations.
The Social Security system was established on August 14, 1935, when President Franklin D. Roosevelt signed the Social Security Act into law.
The filibuster is not mentioned in the US Constitution. It developed over time due to Senate rule changes.
The US Electoral College determines the outcome of presidential elections.
From the 18th century to today, US immigration policy has followed legal and political changes.
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