Banking Industry

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.
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Civil War (printing currency)

Greenbacks were paper currency. In 2 forms: Demand notes and U.S notes
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1863 National bank act

Established system for national banks and created US national banking systems.
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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.
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1930's Great Depression

Long lasting economic downturn in the history of the western industrialized world.
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Glass-Steagall Banking Act

was passed by congress 1933 and prohibits commercial banks
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1970’s (regarding banking)

designed to generate full employment
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1982 (regarding banking)

allowed country to avoid the financial turmoil.
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1999 Gramm-Leach-Bliley Act.

AKA Financial services modernization is a act of the 106th US congress.
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