Civil War to World War I Banking Timeline

  • The Fall of the Second Bank of the United States

  • Beginning of the Second Stage of Development

  • Most of the Country's 1,600 state-charted banks were making paper momey of questionable value.

  • National Banking Act of 1863

    Act gave the Federal government the right to establish Nationl Banks.
  • National Banking Act of 1864

    Act gave the government the right to establish national banks and to require banks to hold gold and silver reserves.
  • Coinage Act of 1873

    Congress began reducing the country's reliance on silver as a specie.
  • End of Second Stage of Development