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British currency
some British type coins were minted on american soil as early as 1650. -
Bank of the united states
Creation of the bank of the united states. -
Mint act of 1792
beginning the replacement process or removing colonial coins in circulation for proper currency. -
Bank of united states gains power
The Bank of the United States has 8 branches and its bank notes are the most common form of currency. -
The 2nd bank of the united states
Congress grants the 2nd bank of the united states a 20 year charter. -
Andrew jackson takes office
Became an opponent of the 2nd bank of the united states as it attempted to gain more money and power. -
Death of the 2nd bank of the united states
The bank weakened and died when its charter expired in 1836 -
Paper money
U.S. government began printing paper money. -
The National currency act of 1863 / National banking act of 1864
Establishment of a standard for currency. Before this, the concern over the value of money lead many stored to even produce their own currency. -
Federal Reserve Act
Establishment of the basic banking system in use today. -
Period: to
WWI
Post WWI, many countries had governments who did not issue paper money. -
The great depression
The worst and longest econoimic crisis of Western indurtialized nations. Lasted till about 1939 -
Bank holiday
Newly elected president, Franklin D. Roosevelt closed all banks and declared a bank hoilday to save the remaining assests of banks still in buisness. -
Emergency Banking Act
Reformed the nations banking system. -
Banking Act refined
The banking act of 1935 further refined the nations banking system. -
Inflation
Inflaation, the rise in general prices, contributed to bank changes. -
Monetary Control Act of 1980
Allowed banks to compete more freely with other financial firms. -
Bank affecting acts
between 1980-1990 several acts were passed which affected banks. -
Recession
a reseccion which led banks such as S&L to fail due to unwise dicission which were made by them. -
Dollar bill design changes
some design changes were made to the dollar bill to combat counterfeiting. -
Period: to
Commerative quarters
U.S. mint issued quarters commemorating the 50 states. -
The penny
There was a controversial debate over discontinuing the penny.
