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The United States monetary policy affects all kinds of economic and financial decisions people make in this country. Whether to buy a car, or build a house, start a new company, or invest. The United States is the largest economy in the world, significantly affecting the economic and financial effects on other countries. In 1694, the Bank of England was created requiring the ability to print paper money or notes and back them with gold (federalreserve.gov). The goal of the monetary policy was to maintain the value of the print notes.
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