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