The federal reserve act was significant in

Well the Federal Reserve Act was created on December 23,1913  it is the act that created the Federal Reserve system and the central baking system of the united states ... it regulated banking to help smaller banks stay in buissnes.

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The  pharaoh  was at the top of that pyramid. in the level below were nobles, priests, and officials. they the  pharaoh  govern egypt. so did soldiers, who fought battles for their ruler, and scribes,  who kept records  for the government and the temples. i know this