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Federal Reserve Act
To create a better economy and have less debt for the Country -
Hamiltons Proposal of National Bank
The establishment for this bank would improve the business of the National Government. -
First Bank of The US
-Would give power to Federal Government
-Pay of war debts
-raise money for new Government
-Create common currency -
2nd Bank of the US
-Would get Government more money to pay off debts -
Wildcat Banking
Banks were made in places that people would not be able to get to them -
Gold Standard
Circulated the gold
Gold can be sold at a fixed price -
Demand Notes
Demand Notes were the first kind of paper money ever created. -
National Bank Act
Created two banks that woruld work together. The banks were watched over. -
Panic of 1907
On the Morning of March 9, 1907, the stock market crashed. A few weeks later, the announcemnets stated that it would be a slow rise back up. -
The Great Depression
The Great Depression began in 1929 and lasted until 1932, International trade went up and unemployment rose. -
FDIC
Provides insurance to those who invest in a bank stating that the investors can easily get their money back no matter what. -
Glass-Steagall Act
This Prohibited commercial banks from participating in the investing banking business, but this was later repealed in 1999. -
Savings and Loan Crisis
This was a failure of most of the savings and loans associates in the United States. -
Financial Institutions Reform, Recovery, and Enforcement Act
This was established to fix the crisis that had happened right before. It established the Resolution Trust coorportation to fix and close all of the cases that had not been solved yet.
