Money and Banking Timeline

Bank of England Established

Sep 4, 1694

First Central Bank was in England. Served for most modern central banks.

I couldn't find the exact day.
Impacted banking institutions, the economy, and the public.

Colonial Scrip Issued in US

Sep 4, 1757

Debt free. Fiat currency printed in public interest.
I'm couldn't find the exact day.
Impacted the public, the economy, and banking institutions.

First Bank of the United States

Feb 25, 1791

Urged by Alexander Hamilton; privately owned; bank noted were the best common currency. Westward expansion created distrust of Eastern bankers.
Impacted the economy and the public.

Andrew Jackson Campaigns

Jul 10, 1832

He campains against the second bank of US and vetoes bank charter renewal.
Impacts banking institutions.

Congress passed the Natonal Currency Act

Jun 3, 1863

Impacted the economy and the public.

Banking Panic!

Oct 4, 1907

New York Stock Exchange drops dramatically.
I could only find the month and year.
Impacted banking institutions and the economy.

Federal Reserve Act passed

Dec 23, 1913

This created the central banking system we have today.
Impacts the public and banking institutions.

Disaster of the Banking System

Sep 4, 1929

Due to the Wroldwide Depression.
There is no exact date.
It lasted about 1930's- 1940's.
Impacted the public and the economy.

"Black Tuesday" Stock Market Crash

Oct 29, 1929

Most devistating stock crash in history. Billions of dollars we consolidated.
Impacted the economy and banking institutions.

Congress enacted federal deposit insurance

Jun 4, 1933

Accounts up to $2,500 per depositor.
I could only find the month and year.
Impacts the economy, banking institutions, and the public.

The Obverse design on the one-dollar bill was debuted

Jan 5, 1963

Impacts the economy.