What gives congress the power to raise taxes to fund services?
o the federal reserve bank
o the internal revenue service
o the bill of rights
o the constitution
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The U.S. Congress created the Federal Reserve System

Explanation:

It was  an attempt to create a disciplined banking policy and help avoid economic collapses. However, fears of a central bank being too powerful in setting financial policy brought about their ends.

Congress failed to renew the first national bank's charter. A series of U.S. bank collapses and pushed many in Congress to call once again for a centralized banking system.

There was a massive run on the bank, people demanding their money, and the banks started recalling all of their loans to pay off customers.

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