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Dutch bankers agree to lend two million dollars to the United States.
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The Great Seal of the United States was adobted.
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For the first time in history, a nation adopted a decimal coinage system. The dollar was unanimously chosen as the money unit for the United States.
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Congress chartered the first bank of the United States for 20 years. It's purpose was to handle the financial needs of the country as a whole. Before this each state had it's separate banks and currency.
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Congress passes the Coinage Act, which establishes a mint and prescribes a decimal system of coinage.
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First Silver Dollars released into circulation.
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First Gold Dollar released into circulation.
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Congress had only placed a 20 year charter on the First Bank of the United States. Once it had expired the bank was faced with so much opposition congress could not re-charter it. Thus the First Bank was shut down.
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The War of 1812 caused the need for another national bank. Congress chartered the Second Bank for 20 years in January of 1817.
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The charter of the Second Bank expired in 1836. However the bank continued to function as a normal state bank. It went bankrupt 5 years later.
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The Free Banking Era was a time when there was no central bank in the United States. Instead each state continued to use it's own banks and currency.
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Gold was discovered at Sutter's Mill in California, marking the start of the Gold Rush.
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The first United States paper currency was produced by the Treasury Department
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The time of "Free Banking" had ended in 1862
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This act provided loans to fund the Civil War along with creating a system of national banks and a unified currency.
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The United States Secret Service was created to combat conter-fitting.
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The bankers panic is a financial crisis caused by the New York Stock Exchange falling to 50% of it's peak from the previous year.
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The Federal Reserve was created in 1913 as a result of a series of extreme panics including the "Bankers Panic of 1907"
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American bankers agree to lend Great Britain, and France five hundred million dollars. This was the largest loan in any country at the time.
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The United States loans Germany two hundred million for reparations after the great war.
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Over 800 banks are closed in a two month timespan as the bank panic continues to increase.
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The largest bank failure int he history of the nation takes place when the national bank closes in New York,
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Congress raises the national debt ceiling to a record high of forty nine billion dollars.
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The first computer is installed in the treasury department, containing 6,500 radio tubes.
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The President signed a Joint Resolution declaring that the motto In God We Trust would be the national motto.
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Marked the first time in United States history that a paper currency, purportedly designated as legal tender, was not directly or indirectly redeemable in silver or gold coin or bullion
