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First U.S Bank
The first the U.S bank was made in 1791. -
Second U.S bank
In 1816 the second bank ever was made. -
Banking Panics
All the banks faced repetitive bank crisis. -
Panic of 1907
This was the first worldwide financial crisis. -
Jekyll Island Confrence
6 people signed a paper to re-unite the nations baking system. This solved the Panic of 1907. -
Federal Reserve Act Signed
President Wilson signed the federal reserve act. It gave authority to issue federal reserve notes. -
Reserve Bank
They finally create the sections for the banks. -
Reserve Banks open
The reserve banks open. -
McFadden Act
President Calvin Coolidge signed the McFadden Act. The act gave all banks competitive equality. -
Great Depression
Nine thousand banks failed, and tons of people lost money. -
Stock Market Crash
The stock prices plummeted. -
Bank Holiday of 1933
Americans had no access to banks or banking services. -
Gold Reserve Act
The Gold reserve act was signed by FDR. This said that, all gold under the federal reserve be gave to the United States Department of Treasury. -
Banking Act of 1935
the sign of the act, completed the restructuring of the federal banks. -
The great Inflation
The easy money policies caused the U.S to go into the great inflation.
