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First Bank of the US
The First Bank of the United States was needed because the government had a debt from the Revolutionary War, and each state had a different form of currency. -
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Banking industry in the US
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Second Bank of the US
The Second Bank of the U.S. was chartered in 1816 with the same responsibilities and powers as the First Bank. -
Civil War (printing currency)
Prior to the Civil War, banks printed paper money. -
1863 National Banking Act
The National Banking Act of 1863 was a United States federal banking act that established a system of national banks for banks, and created the United States National Banking System. -
1913 Federal Reserve Act
This is an Act of Congress that created and established the Federal Reserve System and granted it the legal authority to issue Federal Reserve Notes -
1930’s Great Depression
As the economic depression deepened in the early 30s, and as farmers had less and less money to spend in town, banks began to fail at alarming rates. -
Glass-Steagall Banking Act
This act limited commercial bank securities activities and affiliations within commercial banks and securities firms. -
Banking in 1970's
The stock market was a mess in the 1970's. The easy-money policies of the American central bank, which were designed to generate full employment, by the early 1970s, also caused high inflation. -
Banking in 1982
By mid-1982, the number of bank failures was rising steadily. -
1999 Gramm-Leach-Bliley Act.
This act commonly pronounced ″glibba", which s an act of the 106th United States Congress.
