That was good to start a 12:00. We arrived at the excursion wake up and ready to understand everything about money and money value. Finance is a sector which interests me for the future and today we learnt more that subject.
So we began the day by lunch at 12:30 with a nice guest speaker. He told us about finance, insurance and pension fund.
The second part of the journey was at the Federal reserve bank of Chicago. One of the twelves Federal Reserve banks of the country in a beautiful building.
We visited the museum of money and learnt many things about American crisis and the creation of a bank system for the stability of money value. So we saw a little movie about need a new bank system.
Because of many crises, the biggest was in 1907 and then the American government decided to create a central banking system to maintain maximum employment and stable prices. The Federal Reserve system is composed of a board of governors.
The 23rd of December 1913 this new institution was able to build a new policy monetary and one hundred years later the FED is still an important institution.
In the museum we could discover one million dollar with one $. We also learnt how make a difference between real and fake money. Moreover we saw a 10000$ they used in the past, really impressive. So to conclude I would say that we learnt a lot about American money and system which is different than in Europe. Even if there are similarities about a central bank which regulate money and money value.
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