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1st Bank of the United States
The first national bank of the united states is established by the Federalists; chartered for a term of 20 years -
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1st Bank of the United States
The first national bank of the united states is established by the Federalists; chartered for a term of 20 years -
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Wildcat Era
Free banking era. There was no centralized banking or currencey. No federally regulated banks -
2nd Bank of the United States
The second hamiltonian national bank established by the federal government -
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2nd Bank of the United States
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National Banking Acts
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National Banking Acts
The two national banking acts gave the government power over banking once more -
Gold Standard created
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National Gold Standard
All money was backed by gold and currency was trusted by the people -
Federal Reserve Bank Established
The 'central bank' was created. Gave loans to other banks -
The Great Depression
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The Great Depression
Due to the extensive loans given out during the 20's to risky buisnesses and individuals who were unable to pay back loans the stock market crashed -
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Heavy Government Regulation
Banks were heavily regulated by the united states government -
Federal Deposit Insurance Corp.
Insures that money is given back to the people who lost it, established more confidence in the american banking system -
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Deregulation of Banking
The national and minor banks do not face as many laws and regulations. -
Deregulation of Banking
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Savings and Loan Crisis
Due to a high volume of loans not being paid back the banks face a financial crisis -
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Savings and Loan Crisis
Many bad loans were given and intrest rates were raised to an all time high causing a banking crisis -
FIRREA
The FIRREA wsa created to be able to better regulate and monitor loans (Financial Institutions Recovery & Reinforcement Act
