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The End of American Revolution
The United States of American has been independent.(https://www.history.com/topics/american-revolution) -
National Bank Act
Allow federally chartered banks. (https://www.britannica.com/topic/National-Bank-Act) -
Federal Reserve Act
Established federal reserve system.(https://www.federalreserve.gov/aboutthefed/fract.htm) -
Period: to
The Great Depression
Banks lent a lot of loan to companies, and never got back. (https://www.history.com/topics/great-depression/great-depression-history) -
Period: to
Bank Holding Company Acts
Restrict interstate bank ownership and define what constitutes a bank. -
Depository Institutions Deregulation and Monetary Control Act
Phases out deposit rate ceilings. -
Garn-St. Germain Depository Institutions Act
Allows possibility of interstate and inter-institutional mergers. (https://www.researchgate.net/figure/Timeline-of-Major-US-Banking-Laws-and-Bank-Capital-to-Asset-Ratios_fig1_313386516) -
Federal Deposit Insurance Corporation Improvement Act
Mandates prompt corrective action -
Riegle-Neal Interstate Banking and Branching Efficiency Act
Allows BHCs to acquire banks nationwide. -
Sub-prime mortgage collapse
A financial crisis caused by the bubble of real estate.(https://www.thestreet.com/personal-finance/mortgages/subprime-mortgage-crisis-14704400)
