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Period: to
Debate on Banking
Debate on Banking was part of a larger political debate about the role of government in the young country . -
1st Currency
The Coins and Paper bills Used as Money . -
Hamilton
President Washington appointed Hamilton as Secretary of of the Treasury . -
1st Bank
Bank of America was the First National bank -
Criminal Alarm Button
n the case of a potentially violent crime, the silent alarm allows the bank to notify the authorities unbeknownst to the bad guys. This in turn greatly reduces the threat of violence to the employees and customers of the bank. -
2nd Bank of the U.S.
To Eliminate financial chaos, Congress charted the Second Bank of the united States . -
Discovery Of Gold
the United States government began minting coins out of gold for currency . -
No More Bank Notes Allowed
imposed a 10 per cent tax on notes of private persons, state banks, and state banking associations. -
1st Time Lock
The time lock is a timer designed to prevent the opening of the safe or vault until it reaches the pre set time, even if the correct combination us known. -
Jesse James Robbery
attempted robbery of a bank in Northfield, Minnesota . -
Federal Reserve System
Panic of 1907 leads to creation of the Federal Reserve System . -
Federal Reserves Act
President Wilson Signs the Federal Reserves Act . -
1st Credit Card
Credit is a method of selling goods or services without the buyer having cash in hand. -
Stock Market Crashes
Stock Markets crashed resulted in widespread bank runs as nervous depositors rushed to withdraw their money . -
End of convertion
The government stopped converting paper money into silver and gold. -
Glass Steagll Act
This act separated investment and commercial banking activities. -
Bank Holiday
Roosevelt declared a "Bank Holiday" and closed the Nation's banks. -
Establishment of FDIC
President Roosevelt helps restore confidence in the Nation's Bank by establishing the FDIC . -
ERMA
Electronic Recording Machine, Accounting .a remarkable engineering achievement that made the automation of checking accounts practical and reliable. -
Automated Teller Machine
a computerized telecommunications device that enables the clients of a financial institution to perform financial transactions without the need for a cashier, human clerk or bank teller. -
Banking Emerges
After 2 decades of mergers, the Banking system emerges stable and healthy . -
Financial Crisis
, also known as the global financial crisis and 2008 financial crisis, is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s. -
Irish Banking Crisis
The 2008–2013 Irish banking crisis is a crisis in Ireland which led to a number of financial institutions requiring government assistance, and subsequently led to a number of unexpected revelations about the private affairs of some banks. -
Bank Dumping
Bank Dumping Day Begins -
Assests to Diversity
Central banks adding gold and alternative assets to diversify US dollar and euro reserves -
Mortgage Crisis
the US economy entered a mortgage crisis that caused panic and financial turmoil around the world.
