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The first bank of the US
It was made because the president was in debt from the revolutionary war,also the bank help form a currency permament so every state has the same currency. -
The Mint Act
The mint act autorized the money bills and the coints to be made it in the government of the U.S -
Andrew Jackson takes office
Andrew Jackson become an opponent of the 2nd bank of the United States as it attempted to gain more money and power -
Paper money
United States government began printing paper money -
The National Banking Act
Established standard for currency that mean taxed state bank notes,making them unprofitable. -
The Federal Reserve Act
This bank established the basic banking system in use today. -
The Great Depression
Was the worst and longest economic crisis of Western indusrialized nations during the twenieth century because the victims of the depression was the banks. -
The Bank Holiday
Newly elected president Franklin D. Roselvelt closed all banks and declared a bank holiday to save the remaining assests of banks still in bussiness. -
The Bank Affecting Act
Between 1980-1990 several act were passed which affected banks. -
The Monetary Control Act
Allowed banks to complete more freely with others financial firms so thats why is called The Monetary Act. -
The penny
There was a controversial debate between the government over discontinuing the penny
