Evolution of Central Banking System By huffineabbey Feb 1, 1775 Continental Currency Period: Apr 19, 1775 to Sep 3, 1783 American Revolution Sep 28, 1781 Nation's First Bank Oct 10, 1785 The Dollar Sep 12, 1809 First Bank Failure Period: Jan 1, 1860 to Dec 31, 1865 Civil War Sep 10, 1900 Checking Period: Feb 1, 1915 to Dec 1, 1915 WWI Period: Nov 8, 1921 to Sep 2, 1945 WWII