The Worlds Banking history
1791First Bank of the US
1816 Second Bank of the US
Civil War (printing currency)
To pay for the war, the Confederate government issued a vast array of paper currencies — at least seventy different types of currency, totaling more than 1.5 billion dollars, an incredible sum at that time. Making things even more confusing, state governments issued their own currencies — as did banks, insurance companies, and businesses.
None of this paper money could be redeemed, or traded for, gold or silver — as was common in the early nineteenth century. The Confederate government had no gold or silver to make coins. Instead, Confederate paper money was like a loan — a promissory note or promise to pay at a later time. At the start of the war, when southerners expected to win the war, they were willing to trust that their paper dollars would continue to hold value.
1863 National Banking Act
1913 Federal Reserve Act
1930’s Great Depression (regarding banking)
Glass-Steagall Banking Act
1970’s (regarding banking)
The 1973–1974 bear market was a bear market that lasted between January 1973 and December 1974. Affecting all the major stock markets in the world, particularly the United Kingdom, it was one of the worst stock market downturns in modern history. The crash came after the collapse of the Bretton Woods system over the previous two years, with the associated 'Nixon Shock' and United States dollar devaluation under the Smithsonian Agreement. It was compounded by the outbreak of the 1973 oil crisis in October of that year. It was a major event of the 1970s recession. This had an affect on the Fed in one way or another throughout the 1970s
1982 (regarding banking),
According to information from the Federal Deposit Insurance Corporation's (FDIC) Division of Research and Statistics, between 1980-1994, a total of 1,617 commercial and savings banks failed. $206.179 billion in assets were held in those failed institutions.In another study using FDIC data, 1,043 thrifts failed or were otherwise resolved from 1986-1995. Those institutions represented assets totaling $519 billion. The banking crisis of the 1980s was therefore a two-headed beast – one head related to the failure of savings and loans (the S&L crisis), which represented the bulk of the assets and number of banks, and the other linked to the failure of large commercial banks.