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The first bank was needed in order to assist the debt the country had from the revolutionary war.
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This bank was created for the same reason as the first bank, to pay off ward debt. This was from the War of 1816.
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Currency was printed in the Civil War as metals.
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Created a system of national banks for other banks and the United States National Banking System.
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Created the Federal Reserve System, the government run banking system of the United States of America.
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Over 9,000 banks failed during the 1930's. This was a result of the thoughtless spending. It is one of the main reasons that caused the Great Depression.
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Separtated the power of commercial and investment banks.
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Many secondary banks were on the brink of bankruptcy. In 1973 there was a stock crash. The Brett Woods system collapsed in 1971.
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The Garn–St. Germain Depository Institutions Act happened. It deregulateted savings and loan associations. It also allowed mortgage loans that were adjustable.
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This adjusted some parts of the Glass - Steagall Act of 1933. It stopped baniking, secuirty, and insurance companies from doubling up as a commercial bank, investment bank, and an insurance company.
