Millions in Business

Primary sources

Checked 19 August 2026.

These are the public-record sources behind the dated statements on this landing page.

• NBER Business Cycle Dating FAQ — records the February 2020 peak and April 2020 trough.
• Federal Reserve Board: Reserve Requirements — History, Current Practice, and Potential Reform — states that the Federal Reserve Act of 1913 created Reserve Banks able to act as lenders of last resort.
• FDIC historical timeline — records the Banking Act of 1933 creating the FDIC.
• US Department of Labor: Fifty Years of Unemployment Insurance — records the Social Security Act of 1935 initiating the federal-state unemployment compensation program.

Millions in Business provides education, not personal financial advice. Primary records establish dates and institutions; interpretation is presented as interpretation.