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The very first commercial bank
The first United States commercial bank, incorporated in Philadelphia. -
Bank numero dos
The Second Bank of the United States is charted after the first one failed -
National debt is not present
Andrew Jackson paid off the national debt. After closing The Second Bank, Jackson paid off all the debt and started with a clean slate. -
Gold Currency
U.S. currency is backed by actual gold and can be exchanged for it at any time. -
The Federal Reserve
The Federal Reserve Act is signed into law. It created the 4th central bank of the United States government. -
Stockmarket Crash
Great Depression starts because of the stockmarket crash.
