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President Washington appointed Hamilton as Secretary of the Treasury
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Congress set up the Bank of the United States
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Alexander Hamilton died in a famous duel with Vice President Aaron Burr; bank lost its main banker
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Bank's charter ran out
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Congress chartered the Second Bank of the United States
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Nicholas Biddle, the Second Bank's president was responsible for restoring stability
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State chartered banks nearly tripled
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President Jackson vetoed the renewal of the Bank
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8,000 diffferent banks were circulating currency
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United States Treasury issued its first paper currency since The Continental
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Nation adopted a gold standard
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Panic of 1907 leads to the creation of the Federal Reserve System
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Panic of 1907 leads to the creation of the Federal Reserve System
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Franklin D Roosevelt acted to restore public confidence in the nation's banking system
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Banks were closed
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Congress passed the act that established the Federal Deposit Insurance Corporation
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Fdederal Reserve Act established the Federal Reserve System
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Banks were eager for relief from federal regulation
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Congress passed laws to deregulate several industries
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S&Ls had made long term loans at low rates
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Risky loans were made, forcing many out of business
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Congress passed the Financial Institutuions Reform, Recovery & Enforcement Act
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Growing trend toward bank mergers
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Congress repealed the 1933 Glass Steagale Act
