From 1951 to the mid-1960s, the Federal Reserve used the independence it gained with the Treasury-Fed Accord to create a new kind of monetary regime.
Bretton Woods Launched
The international currency system became operational in 1958
Bank Holding Company Act
In 1956, Congress gave the Fed increased oversight of the banking industry
Treasury-Fed Accord
The 1951 agreement that laid the foundation for the modern Federal Reserve
