Bank deposit withdrawal money

Banking in the US

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  • 1791 Bank of the US

    1791 Bank of the US
    First bank of the United States for 20 years

  • 1816 Second Bank of the US

    1816 Second Bank of the US
    Second bank of the US located in philadelphia lasted 20 years

  • Civil War printing currency

    Civil War printing currency
    greenbacks were paper currency. there were 2 types demand notes and US notes. lasted until 1865

  • 1863 National Banking Act

    1863 National Banking Act
    designed to make a national banking system

  • 1913 Federal Reserve Act

    1913 Federal Reserve Act
    created a current federal reserve system

  • 1930s Great Depression

    1930s Great Depression
    banks were struggling during the great depression

  • Glass-Steagall Banking Act

    Glass-Steagall Banking Act
    prohibits commercial banks from engaging in the investment business

  • The Great Inflation

    The Great Inflation
    blamed on oil prices, currency speculators, and greety businessmen

  • Early Recession

    Early Recession
    Many banks began to fail

  • Gramm-Leach-Bliley Act

    Gramm-Leach-Bliley Act
    federal law enacted in the United States to control the ways that financial institutiionsdeal with the private information of individuals