U.S. Banking History Events

By aspentori

  • The Bank of England was established

  • The First Commercial Bank

  • Congress creates the first U.S bank

  • The Second Bank served as the main depository

  • No National Debt

  • The Gold Standard & checks became a more common type of payment

  • The 16th Amendment allowed Federal Government to "lay and collect taxes on incomes"

  • The Stock Market crashed

  • FDIC was established

  • The First Credit Card

  • The First ATM

  • A saving and loan failure

  • 160,000 ATMS in operation

  • The Financial Services Modernization Act allows banks to grow even larger

  • Investment Banks and the SEC cut a deal

  • The Worse Financial Crisis since the Great Depression