Blue hills

Banking History Timeline

By robbiep123
  • First Bank of the United States established

    First Bank of the United States established

  • Coinage Act is Passed

    The U.S. had to have a uniform currency, to be able to distribute it to all member states
  • Second Bank of the United States established

    Second Bank of the United States established

  • Panic of 1907

    Panic of 1907

  • Federal Reserve system established

    Federal Reserve system established

  • Stronger Credit

    Stronger Credit

    1020's
  • Credit made available to most americans

    Credit made available to most americans

  • Stock Market Crash

    Stock Market Crash

  • J.P. Morgan and Co. announce that the group formed to halt the market crash on October 24-29, has sold all its shares and is disbanded.

    stock prices fell and companies were folding

  • FDIC established

    The government and people became more aware of the possiblity of losing money
  • Stable inflation rates; low intrest rates

    Stable inflation rates; low intrest rates

  • The United States Savings Bonds Division in the Treasury Department continued the programs of the War Finance Division, the War Savings Staff and the Defense Savings Staff

    the govt tried to get rid of inflation by selling bonds so they could get money
  • Rapid economic growth; overuse of credit; high inflation rate;consumer credit protection legisklation; birth of credit couseling

    Rapid economic growth; overuse of credit; high inflation rate;consumer credit protection legisklation; birth of credit couseling

  • credit as a major marketing tool across industries; major stock marget gains; longest peace time expansion

    credit as a major marketing tool across industries; major stock marget gains; longest peace time expansion

  • stock market peak

    people were investing like crazy in the 90s
  • 9/11 occured

    9/11 occured

    9/11 footage
  • Great Depression; decade of consumer distrust of credit and investment

    Great Depression; decade of consumer distrust of credit and investment

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