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End of American Revolution
The American revolutionary war, or the American revolutionary war, was a war between Britain and Europe, the United States and France, which were preparing for independence. This war was mainly started by the thirteen colonies of North America to fight against the oppressive economic policies of Britain, but later, because France joined the war against Britain, the scope of the war was far beyond British America. So Britain decided to ally itself with the local Indians to increase its power. -
First Bank of the United States is Established
Proposed by Alexander Hamilton, the bank of America was established in 1791 as a repository for federal funds and a financial agent for the government. -
First Bank Charter Runs Out
The first bank of the United States did not operate safely until its charter expired on February 25, 1811. This caused a panic among the people, which led to a large bank run, and people asked to exchange all their notes for gold and silver so that they would not lose money. The Banks could no longer support their paper money with COINS, so the market collapsed. Banks started issuing their own money, which caused a lot of confusion about what was worth circulating. -
Second Bank of the US Established
The Second Bank of the United States, located in Philadelphia, Pennsylvania, was the second federally authorized Hamiltonian national bank in the United States during its 20-year charter from February 1816 to January 1836. -
President Andrew Jackson Vetoes 2nd US Bank Renewal
President Andrew Jackson announced that the government would no longer use the second bank of the United States, the national bank. He then used his executive powers to withdraw all federal funds from the bank, the final shot in the so-called "banking war". -
National Bank Act
The national banking act of 1863 was designed to create a national banking system, grant federal war loans, and create a national currency. Congress passed the act to help resolve the financial crisis that began in the early days of the American civil war (1861-1865). -
Federal Reserve Act
The 63rd U.S. congress passed the federal reserve act, which was signed into law by President Woodrow Wilson on December 23, 1913. The law created the federal reserve, the central banking system of the United States. The panic of 1907 convinced many Americans of the need for a central banking system, which the country had lacked since the banking wars of the 1830s. -
Stock Market Crash of 1929
The stock market crash of 1929 began on October 24, 1929 with four consecutive days of plummeting stock prices. It was the worst recession in U.S. history. The dow Jones industrial average fell 25%. It lost $30 billion in market value. -
Federal Deposit Insurance Corporation
The federal deposit insurance corporation (FDIC) is a U.S. government agency that provides deposit insurance to depositors of U.S. commercial Banks and thrifts. The FDIC was created by the Banking Act of 1933, enacted during the great depression to restore trust in the US Banking system. -
the sub-prime mortgage collapse
It was triggered by a large decline in home prices after the collapse of a housing bubble, leading to mortgage delinquencies and foreclosures and the devaluation of housing-related securities. Declines in residential investment preceded the recession and were followed by reductions in household spending and then business investment. Spending reductions were more significant in areas with a combination of high household debt and larger housing price declines.