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