History of the U.S. Banking
by
OscarG11
Last updated 7 years ago
Discipline:
Social Studies Subject:
American History


Module 13
Lesson 2
1797
Gramm- leach- Bliley act. Repealed parts of the Glass-Steagall Act of 1933Removed barriers between banking, insurance, and securities companies
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Federal reserve act.Signed December 23, 1913Signed by President Woodrow WilsonCreated the Federal Reserve System
First bank of the United states.Received a 20 year charter on February 1791Main office was located in PhiladelphiaHad 8 nationwide branches
Civil War
Congress authorized treasury to issue paper money Paper money was called demand notes
1816
Great depression.Wall streets’ “Great Crash” was said to cause the Great DepressionDuring the Great Depression millions of dollars disappearedBank failures occurred on a large scaleFailure of the banks caused peoples money to be lost
1861
Inflation recorded at its maximumInflations skyrocketedPrices soared
national banking act.Act was passed by congressDesigned to create the National Banking System
Limited the commercial banks activities of the securities,Banking act was passed in 1933
1930's
1970's
1913
1999
second bank of the united states.Functioned from 1816 to 1836Came under attack from Jacksonian democrats and was not renewed
Glass-Steagall Banking Act
http://business.ftc.gov/privacy-and-security/gramm-leach-bliley-acthttp://www.ushistory.org/tour/first-bank.htmhttp://www.let.rug.nl/usa/essays/general/a-brief-history-of-central-banking/second-bank-of-the-united-states-%281816-1836%29.phphttp://www.smethporthistory.org/300.block/hamlin.bank/Banking%20Act.htmhttps://www.google.com/imghp?hl=en&tab=wihttp://www.let.rug.nl/usa/essays/general/a-brief-history-of-central-banking/federal-reserve-act-%281913%29.phphttp://www.u-s-history.com/pages/h1504.htmlhttp://www.banking.senate.gov/conf/
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