changes in banking industry
1863 National Banking Act
attempt to assert some degree of control over the banking system without the formation of another central bank. " three primary purposes: (1) create a system of national banks, (2) to create a uniform national currency, and (3) to create an active secondary market for Treasury securities to help finance the Civil War" (http://www.let.rug.nl/usa/essays/general/a-brief-history-of-central-banking/national-banking-acts-of-1863-and-1864.php)
Glass-Steagall Banking Act
"process to restore confidence in the banking system" (http://www.federalreservehistory.org/Events/DetailView/25)
1999 Gramm-Leach-Bliley Act
passed November 12, 1999. removed barriers in the market.