Module 13 Lesson 2 Assignment

Amaya Ramos-Herrera

Big image

1791-Bank of the US

The first bank established in the US was on February 25 1791 in Philadelphia, Pennsylvania
Big image

1816-Second Bank of the US

Also established in Philadelphia, Pennsylvania.
Big image

1861- 1865 Civil War (printing currency)

The first paper currency was printed by the government .
Big image

1863 National Banking Act

The act was designed to create a national banking system where banks could have a Federal or State charter.
Big image

1913 Federal Reserve Act

An act that was created by Congress which established the federal reserve system. This granted it the legal authority to issue US currency.
Big image

1930’s Great Depression (regarding banking)

Banks were closed for a "bank holiday" but were only allowed to reopen if proven financially stable.
Big image

1932 Glass-Steagall Banking Act

An act ensuring that if a bank fails, the money you put in it is still yours.
Big image

1970’s (regarding banking)

There wasn't as many restrictions on banking as in the past.
Big image

1982 (regarding banking)

Banks and investments were failing because banks were allowed to make high risk loans.
Big image

The 1999 Gramm-Leach-Bliley Act

An act that gave banks more control over the banking and insurance they provide.