Lesson plan
Edge Act
The Edge Act is a 1919 amendment to the United States Federal Reserve Act of 1913, codified at , which allows national banks to engage in international banking through subsidiaries chartered by the Board of Governors of the Federal Reserve System. The act is named after Walter Evans Edge, a U.S. Senator from New Jersey who sponsored the original legislation for these types of subsidiaries. The impetus for the act was to give U.S. firms more flexibility to compete with foreign firms.
Article summary
The Edge Act is a 1919 amendment to the United States Federal Reserve Act of 1913, codified at , which allows national banks to engage in international banking through subsidiaries chartered by the Board of Governors of the Federal Reserve System. The act is named after Walter Evans Edge, a U.S. Senator from New Jersey who sponsored the original legislation for these types of subsidiaries. The impetus for the act was to give U.S. firms more flexibility to compete with foreign firms.
Key claims
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Discussion questions
- Summarise the article in your own words. Which single claim would you verify first, and why?
- Which claim in this article is most likely to be revised as the sources update? How would you check its current status?
- If two sources disagreed about one of these facts, what would you need in order to trust one over the other?
Bibliography
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Key claims and bibliography are generated from the same tracked claims and sources as the article page.