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End of the American Revolution
The Peace of Paris was signed and the American War for Independence officially ended. The war was truly over. It had lasted well over eight years. -
First Bank of the United States
The President, Directors and Company, of the Bank of the United States, commonly known as the First Bank of the United States, was a national bank, chartered for a term of twenty years, by the United States Congress on February 25, 1791. It followed the Bank of North America, the nation's first de facto central bank. -
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Second Bank of the US
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. -
Jackson Escapes Assassination
On this day in 1835, Andrew Jackson becomes the first American president to experience an assassination attempt. -
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"Free Banking" Era
In this period, only state-chartered banks existed. They could issue bank notes against specie (gold and silver coins) and the states heavily regulated their own reserve requirements, interest rates for loans and deposits, the necessary capital ratio etc. -
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American Civil War
The Union faced secessionists in eleven Southern states known as the Confederate States of America. The Union won the war, which remains the bloodiest in U.S. history. -
Lincoln Assassinated
Shortly after 10 p.m. on April 14, 1865, actor John Wilkes Booth entered the presidential box at Ford's Theatre in Washington D.C., and fatally shot President Abraham Lincoln. As Lincoln slumped forward in his seat, Booth leapt onto the stage and escaped through the back door -
Federal Reserve Act Passed
The 1913 Federal Reserve Act was a U.S. legislation that created the current Federal Reserve System. The Federal Reserve Act intended to establish a form of economic stability in the United States through the introduction of the Central Bank, which would be in charge of monetary policy. The Federal Reserve Act is perhaps one of the most influential laws concerning the U.S. financial system. -
“Black Thursday”, Stock Market Crash
Black Thursday is the name given to Thursday, Oct. 24, 1929, when the Dow Jones Industrial Average plunged 11% at the open in very heavy volume, precipitating the Wall Street crash of 1929 and the subsequent Great Depression of the 1930s. -
Banking and The Great Depression
One of the most significant aspects of the Great Depression in the United States was the erosion of confidence in the banking system. Weaknesses were apparent by 1930 and a growing wave of failures followed. As banks closed their doors, a chain reaction occurred that spread misery throughout the country. -
Kennedy Assassinated
Shortly after noon on November 22, 1963, President John F. Kennedy was assassinated as he rode in a motorcade through Dealey Plaza in downtown Dallas, Texas. -
Subprime mortgage Crisis
The United States (U.S.) subprime mortgage crisis was a nationwide banking emergency that coincided with the U.S. recession of December 2007 – June 2009.
