Module 13 Lesson 2 Assignment

By: Erin Thomas

1791 Bank of the US

This was the first bank of the United States
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1816 Second Bank of the US

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Civil War (printing currency)

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1863 National Banking Act

The National Banking Acts of 1863 and 1864 were attempts to assert some degree of federal control over the banking system without the formation of another central bank.

1913 Federal Reserve Act

The Federal Reserve Act intended to establish a form of economic stability through the introduction of the Central Bank, which would be in charge of monetary policy, into the United States.

1930’s Great Depression (regarding banking)

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Glass-Steagall Banking Act

This prohibited commercial banks from participating in the investment banking business.

1970’s (regarding banking)

New York would flirt with default on its massive loans, scrambling to patch together one plan after another, each intended to save the city from declaring bankruptcy while cutting back on the social and municipal services it provided.

1982 (regarding banking)

By mid-1982, the number of bank failures was rising steadily. Bank failures reached a post-depression high of 42 as the recession and high interest rates took their toll.

1999 Gramm-Leach-Bliley Act

The Gramm-Leach-Bliley Act (GLBA), which is also known as the Financial Services Modernization Act of 1999, provides limited privacy protections against the sale of your private financial information.