Major Events In U.S. Banking History

By Gamer_Girl_1300

  • 1.Paying for the American Revolutionary War was the start of U.S.A's national debt.

    Paying for the American Revolutionary War was the start of U.S.A's national debt.

  • 2.There were no american banks around this time.

    There were no american banks around this time.

  • 2.Robert Morris persuades congress to charter nation's first bank

    Robert Morris persuades congress to charter nation's first bank.

  • 3.The Bank of North America opens in Philadelphia.

    The Bank of North America opens in Philadelphia.

  • 5.The first bank of Massachusetts opens.

    The first bank of Massachusetts opens.

  • 4.The first bank of New York opens.

    The first bank of New York opens.

  • 6.George Washington becomes president.

    George Washington becomes president.

  • 7.Only three banks

    only three banks

  • 8.Alexander Hamilton becomes nation's first Secretary of Treasury.

    Alexander Hamilton becomes nation's first Secretary of Treasury.

  • 9.Second bank of U.S goes out of business

    Second bank of U.S goes out of business

  • 10.More than 10,000 bank notes circulated through out the country.

    More than 10,000 bank notes circulated through out the country.

  • 11.Congress passed National Currency Act.

    Congress passed National Currency Act.

  • 13.Federal notes are made

    Federal notes are made

  • 14.Great Depression causes banks to run out of money so people didn't have enough money to spend.

    Great Depression causes banks to run out of money so people didn't have enough money to spend.

  • 15.President Franklin D. Roosevelt closes all banks for 10 days.

    President Franklin D. Roosevelt closes all banks for 10 days.

  • 16.Credit cards are introduced

    Credit cards are introduced

  • 17.Online banking is introduced.

    Online banking is introduced.

  • 18.Mobil banking is introduced

    Mobil banking is introduced

  • 19.Congress removes long-lasting restrictions on interstate banking.

    Congress removes long-lasting restrictions on interstate banking.

  • 20.The attacks on 9/11 costed the U.S. over 55 million dollars.

    The attacks on 9/11 costed the U.S. over 55 million dollars.

  • 21.There are 6,799 insured commercial banks in the U.S. according to the FDIC.

    There are 6,799 insured commercial banks in the U.S. according to the FDIC.

  • 22.The current national debt is over 20,426,6301,177 and rises every second.

    The current national debt is over 20,426,6301,177 and rises every second.