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Federalists and Antifederalists disagree about a banking system.
The Nation has no reliable medium of exchange. Federalists and Antifederalists disagree about a banking system. -
The First Bank of U.S.
The First Bank of the United States is established. -
Period: to
Expiration of First Bank's charter.
Period of instability follows the expiration of First Bank's charter. -
Second Bank of US.
Second Bank of the United States is established -
Period: to
Better monetary and banking system
Civil war makes clearthe need for a better monetary and banking system -
Period: to
National Banking Acts of 1863 and 1864
National Banking Acts of 1863 and 1864 establish national banking system and uniform national currency -
Federal Reserve Act
President Wilson sins the Federal Reserve Act -
The Great Depression Begin
n the United States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. -
FDIC
President Roosevelt helps restore confidence in the naion's banks by establishing the FDIC -
Period: to
period of deregulation
period of deregulation, savings and loans face bankrupts -
The worst economic crisis since World War II
In 2007, a result of the subprime mortgage crisis is a sharp increase in the number of people who lose their homes because they can not pay their mortgage. this leads to the worst economic crisis since World War II