Econ 20

Money, Money, MONEYYYYYY!

  • Period: to

    Time flys when your having fun because you have money!

    Project For Econ!!!!!!
  • National Budget

    National Budget
    The Committee of finance in the Continental Congress reported the 1rst natioanl budget!
  • Coinage System

    Coinage System
    For the first time in history, a nation adopted the decimal coinage system. The dollar was unanimously chosen as the money unit for the U.S.
  • Under Constitution

    Under Constitution
    The first Congress of the U.S convened in NY, marking the beginning of government under the constitution!
  • Tariffs

    Tariffs
    The first U.S tariff act went into effect. It established a policy of protection.
  • 1rst Bank!

    1rst Bank!
    The first bank of the U.S opened. It provided national conduct and acted as the fiscal agent.
  • Coinage Act

    Coinage Act
    Congress passes the Coinage Act which establishes a mint and prescribes a decimal system of coinage!
  • Silver

    Silver
    The first silver coins were delivered for circulation.
  • Gold!

    Gold!
    The first gold coin was delivered for circulation.
  • Shut Down

    Shut Down
    The Bank fo America closed down..but dont worry it reopened in the same year!
  • Paper Currency

    Paper Currency
    The first U.S paper currency was produced by the treasures department!
  • Stamps

    Stamps
    Stamps were authorized to be used as money.
  • Banking Act

    Banking Act
    The Banking Act insured bank accounts and created the Federal Deposit Insurance Corporation.
  • Bank Merger Act

    Bank Merger Act
    The Bank Merger Act was passed, Requiring Federal Regulations fo mergers and consolidations!
  • In God We Trust

    In God We Trust
    Production of 1$ Federal Reserve Notes with the motto, "In God We Trust "
  • Notes

    Notes
    The last U.S notes were placed in circulation which allowed to float and the first peacetime price and wages controled worth.
  • Gold Rate

    Gold Rate
    The offical U.S gold rate was raised from 35$ to 38$ per ounce!
  • Tax Reform

    Tax Reform
    The Tax Reform Act was signed into the law.
  • 1040 EZ

    1040 EZ
    Tax Payers used the simplified tax form 1040 EZ for the first time for taxes.
  • Plaza Accord

    Plaza Accord
    The Plaza Accord, an international effort to bring down the value of the dollar and stabalize the exchange rate.
  • Savings Bond

    Savings Bond
    The value of the U.S savings bonds topped a record breaking 100$ Billion.
  • Mr. Campbell

    Mr. Campbell
    Fact about your last name:
    Its a soup company!
    lol you should so give me an A!!!!
    Cuz I'm Awesome!