The Fed and How It Got That Way Here is a quick history of the Federal Reserve and an overview of what it does. Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Planning for All Families These planning tips can help. 5 Smart Investing Strategies Getting what you want out of your money may require the right game plan. What Do Your Taxes Pay For? Here's a breakdown of how the federal government spends your tax money.