Granted, our land-based export industries are not heavy users of imports, but they do use diesel, they do use tractors, they do use fertilisers, and they are heavily affected by the costs of transport to and from the farm-gate.
That opening day in Philadelphia and in the other 11 cities was the outcome of the Federal Reserve Act, which was signed into law by President Woodrow Wilson on December 23, 1913. Wilson is credited with engineering a compromise that created our nation’s decentralized central bank.