what was the federal reserve act designed to prevent
Publisert 6. sep. 2012. While most would say the Federal Reserve was designed to stabilize the economy and prevent bank failures, more investigation shows that the Fed is a private banking cartel designed to work against the best interests of the American people.Woodrow Wilson was the president that signed the Federal Reserve legislation.ublisert 6. sep. 2012. While most would say the Federal Reserve was designed to stabilize the economy and prevent bank failures, more investigation shows that the Fed is a private banking cartel designed to work against the best interests of the American people.