Financial reform bill 2

U.S Banking timeline

By Angela Ma

  • The first bank of United States is proposed.

    The first bank of United States is proposed.

  • Congress chartered the second Bank of United States.

  • Period: to

    The numbers of state-chartered banks nearly tripled.

  • President Andrew Jackson vetoed the bank renewal.(Bank Veto)

    President Andrew Jackson vetoed the bank renewal.(Bank Veto)
  • Period: to

    Free Banking

  • Estimated 8,000 different bank were circulating currency.

  • The United States Treasury issued its first paper currency since the Continental.

  • The Federal Reserve system act.

    The Federal Reserve system act.

  • The Great Depression began.

    The Great Depression began.

  • Franklin acted to restore public confidence in the nation banking system.

    Franklin acted to restore public confidence in the nation banking system.