-
First Bank of the United States established
-
Coinage Act is Passed
The U.S. had to have a uniform currency, to be able to distribute it to all member states -
Second Bank of the United States established
-
Panic of 1907
-
Federal Reserve system established
-
Stronger Credit
1020's -
Credit made available to most americans
-
Stock Market Crash
-
J.P. Morgan and Co. announce that the group formed to halt the market crash on October 24-29, has sold all its shares and is disbanded.
stock prices fell and companies were folding -
FDIC established
The government and people became more aware of the possiblity of losing money -
Stable inflation rates; low intrest rates
-
The United States Savings Bonds Division in the Treasury Department continued the programs of the War Finance Division, the War Savings Staff and the Defense Savings Staff
the govt tried to get rid of inflation by selling bonds so they could get money -
Rapid economic growth; overuse of credit; high inflation rate;consumer credit protection legisklation; birth of credit couseling
-
credit as a major marketing tool across industries; major stock marget gains; longest peace time expansion
-
stock market peak
people were investing like crazy in the 90s -
-
Great Depression; decade of consumer distrust of credit and investment
