Josh Lawrence

Review of Federal Reserve Bank of New Yo...

The Federal Reserve Bank of New York is an interes...

The Federal Reserve Bank of New York is an interesting place to visit, and the guided tour is very informative about a variety of topics. The tour guide was very friendly to the entire class, and was able to answer any questions we had. The tour was interactive enough, and I was able to gain a better understanding of the Federal Reserve's job and impact on the economy of the country. I was not aware before that the Federal Reserve was in charge of the seperation and destruction of old and unusable bills. The vault, however, was very underwelming, at least when compared to the rest of the tour. Though it was an interesting experience to be in the same room with and see so much real gold, there was so little time spent talking about the why and how of the gold that I left feeling a little dissapointed.
To summarize, the Federal Reserve is a great trip for schools and for anyone interested in the economy, but i would have liked to know more about the gold itself. The tour guide didn't spend any time explaining why we use gold to store wealth instead of some other form of currency, or how the bars are made. It would have been interesting to learn more about that instead of simply spending a few minutes explaining how heavy gold is and how they weigh it. It also would have been nice if the tour guide had spent a little more time talking about the gothic architecture. She did explain that some of the archways were meant to symbolize strength, but I feel there could have been more time spent on the designs and why they were important.
TL;DR
The Federal Reserve is a very informative trip that teaches about the history of our economy, and could be a great trip for anyone interested in economics.