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The U.S was left in debt because of the Revolutionary War, Hamilton suggested a central bank.
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A private corporation with public duties, the bank handled all fiscal transactions for the U.S. Government, and was accountable to Congress and the U.S. Treasury
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two United States federal laws that established a system of national charters for banks.
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a civil war fought from 1861 to 1865 to determine the survival of the Union or independence for the Confederacy.
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an Act of Congress that created and established the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue Federal Reserve Notes
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a severe worldwide economic depression in the decade preceding World War II. in most countries it started in 1930 and lasted until the late 1930s or middle 1940s.
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a law enacted by the United States Congress in 1932. it was the first time that currency as permitted to be allocated for the Federal Reserve system. It was passed in February 1932 in an effort to stop deflation and expanded the Federal Reserve's ability to offer rediscounts on more types of assets such as government bonds as well as commercial paper.
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An Act to enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, and other financial service providers, and for other purposes.
