The Christian is called upon to exhibit this dominion, but exhibit it rightly: treating the thing as having value itself, exercising dominion without being destructive. Holcomb concludes: It is true that a false view of dominion has played a role in the mistreatment of creation, but a correct understanding of the concept can lead to service, responsibility, and stewardship.
After Congress passed and President Wilson signed the Federal Reserve Act in 1913, Congress established 12 District Banks to reflect the distribution of population and banking in the country. [For more on the Federal Reserve's history, visit FederalReserveEducation.org .].fter Congress passed and President Wilson signed the Federal Reserve Act in 1913, Congress established 12 District Banks to reflect the distribution of population and banking in the country. [For more on the Federal Reserve's history, visit FederalReserveEducation.org .].
Summary. The Federal Reserve Act of 1913 created the Federal Reserve System that serves as the central bank for the United States. The Fed sets and implements the nation's monetary policy. A Board of Governors that consists of seven members, including a chairman, runs the Fed.he Federal Reserve Act was enacted in response to a series of financial crises. The intent of the Act was to create a degree of financial stability. The Act empowers the Fed to regulate and supervise banks and to develop and implement monetary policy.