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banking systems

  • Banking Systems

    Banking Systems
    the nation has no reliable medium of exchange. federalists and Antifederalists disagree about a banking system.
  • First Bank

    First Bank
    First Bank of the United States is established.
  • Instability

    1811-1816 period of instability follows expiration of first charter.
  • Second Bank

    Second Bank
    1816 second back of the united staes reestablishes stability.
  • Rise

    1830s-1860s President Jackson Vetoes Recharter of second back in 1832, giving rise to free banking era.
  • Effects of the civil war

    Effects of the civil war
    1861-1863 civil war makes a clear need for a bettermonetary and banking system.
  • National Banking Acts

    1863-1864 National Banking Acts of 1863 and 1864 established aNational banking system and uniform currency.
  • Federal Reserve System

    Federal Reserve System
    Panic of 1907 leads to the creation of the Federal Reserve System
  • Federal Reserve Act

    Federal Reserve Act
    President Wilson signs the Federal Reserve Act
  • The Great Depression

    The Great Depression
    The Great Depression begins
  • FDIC

    President Roosevelt helps restore confidence in the Nation's bank by establishing the FDIC
  • Regulation and Stability

    Regulation and Stability
    1940s-1960s. Period of government regulation and long-term stability.
  • New laws

    New laws
    late 1960s-1970s. new laws make clear the rights and responsibilities of banks and consumers.
  • Deregulation

    1980s was a period of deregulation; S&Ls face bankruptcies.
  • Two Decades

    Two Decades
    After two decades of mergers, the banking system emerges stable and healthy