The Banking Industry
1791 Bank of the United States
1816 Secind Bank of the United States
Printing Currency in the Civil War
1863 National Banking Act
Through this banking act, banks were allowed to have a state or federal charter.
- State Charter- a document issued by the state outlining the conditions under which a corporate body is organized
- Federal Charter-explains an agreement that establishes a corporation
1913 Federal Reserve Act
1930's Great Depression (banking)
Glass-Steagall Banking Act
The Federal Deposit Insurance Corporation (FDIC) was established through the Glass-Steagall Banking Act.
- FDIC- preserves and promotes public confidence in the US financial system
The act ensures that you will still have money if the bank goes under