-
Nation does not have the same currency. Federalists and Antifederalists disagree about the banking system.
-
First bank of the United States created
-
Period of instability follows expiration of First Bank's Charter
-
Second Bank of the United States created!
-
President Jackson vetoes recharter of Second Bank in 1832, giving rise to Free Banking Era.
-
National Baking Acts of 1863 and 1864 establish national banking system and uniform currency.
-
Fires destroyed all banks, but the contents in the vault still survived.
-
Panic of 1907 leads to the creation of the Federal Reserve System
-
President Wilson signs the Federal Reserve act
-
the great depression begins
-
PResident Roosevelt helps restore confidence in the nartions banks by establishing the FDIC.
-
Period of government regulation and long-term stability.
-
New laws make clear the rights and responsibilites of banks and consumers
-
The Automated Teller Machine was created
-
Period of deregulation; S&L's face bankruptcies
-
After 2 decades of mergers, the banking system emerges stable and healthy
