1791 Bank Of US
was needed because the government had a debt from the revolutionary war.
1816 second bank of U.S
Five years after the first bank of the U.S lost its own charter.
Civil War (printing currency)
Greenbacks were paper currency. In 2 forms: Demand notes and U.S notes
1863 National bank act
Established system for national banks and created US national banking systems.
1913 Federal reserve act
US legislation created the current Federal reserve system. Intended to establish a form of economic stability through the introduction of the central bank.
1930's Great Depression
Long lasting economic downturn in the history of the western industrialized world.
Glass-Steagall Banking Act
was passed by congress 1933 and prohibits commercial banks
1970’s (regarding banking)
designed to generate full employment
1982 (regarding banking)
allowed country to avoid the financial turmoil.
1999 Gramm-Leach-Bliley Act.
AKA Financial services modernization is a act of the 106th US congress.