History of the American Banking System By RaneZhang Feb 25, 1791 Congress Creates the First US Bank https://www.history.com/topics/bank-of-the-united-states 1816 Second Bank of U.S. https://www.federalreservehistory.org/essays/second_bank_of_the_us 1832 Andrew Jackson Campaigns Against the 2nd Bank of the US and Vetoes Bank Charter Renewal https://www.history.com/topics/bank-war 1862 Lincoln Over Rules Debt-Based Money and Issues Greenbacks to Fund the War http://www.xat.org/xat/usury.html 1907 Banking Panic of 1907 https://www.federalreservehistory.org/essays/panic_of_1907 Dec 23, 1913 Federal Reserve Act Passed https://www.senate.gov/artandhistory/history/minute/Senate_Passes_the_Federal_Reserve_Act.htm 1929 Federal Reserve Contracts the Money Supply https://www.investopedia.com/articles/08/fight-recession.asp Oct 24, 1929 “Black Thursday”, Stock Market Crash https://www.history.com/topics/1929-stock-market-crash 1930 Great Depression Begins https://www.history.com/topics/great-depression 2008 Subprime Mortgage Crisis https://www.federalreservehistory.org/essays/subprime_mortgage_crisis
