The US Banking Industry
Module 13 Assignment 2
1791 Bank of the US
1816 Second Bank of the US
Civil War and Printing Currency
During the Civil War there were so many types of currency that it couldn't be kept up with. Then when the south's currency became irrelevant it created a whole other set of issues.
1863 National Banking Act
1913 Federal Reserve Act
This created the National Bank.
Below is a news article from when it occurred.
1930's Great Depression and Banking
FDR made a bank holiday where banks closed and could only reopen if proved financially capable.
This photo is from when people were rushing to the bank to try to get their money out when they knew the system was soon to collapse and their money would be lost.