Module 13 Lesson 2
1791 Bank of the US and 1816 Second Bank of the US
Civil War (printing currency), 1863 National Banking Act
1913 Federal Reserve Act, 1930’s Great Depression (regarding banking)
Glass-Steagall Banking Act, 1970’s (regarding banking), 1982 (regarding banking), and the 1999 Gramm-Leach-Bliley Act.
The Glass-Steagall Banking act established the Federal Deposit Insurance Corporation. Ensures that if a bank goes under, you still have your money. The Gramm-Leach-Biley Act repealed part of the Glass-Steagall Act, removing barriers in the market among banking companies,securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company.