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It was established in Mexico City at the home at Hernando Cortez.
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Barely a dozen years after its introduction to Virginia tobacco starts being used as currency and this use continues for nearly 200 years.
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The maximum legal rate of interest in England is reduced to 8% per annum.
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The original coins were simple, and had "NE" stamped on them for the New England Colony.
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English mint charges are abolished and replaced by import duties on wine, beer, cider, spirits and vinegar.
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The intention is to meet a currency shortage - but only a few tons of copper coins are minted.
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This act gives the directors of the Bank of England legal immunity for loans to the government. This enables the British government to borrow much larger sums for the war against France.
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The uncontrolled, chaotic expansion of banking in the US is slowed, then partly reversed by a financial crisis in which every bank is forced to suspend specie payment of notes. The crisis leads to a depression in the economy which lasts until 1843.
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Priority in the use of gold and silver is given to government purposes as a result of the war.
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The rate is set at 2%.
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It had been argued that automatic teller machines (ATMs) were branches and therefore subject to laws restricting branch banking but the Court rejects this argument.
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The high costs of cheque and coin payments is a strong motivating factor in the development of electronic payment systems in the US and abroad.
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A series of bank and insurance company failures created a financial crisis that halted global credity markets and required unprecented government intervention.
