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Alexander Hamilton askes congress to set up this bank. This bank encourages economic growth. The government deposits people's tax money and then uses it to pay bills and make loans.
Source:
http://www.ushistory.org/tour/first-bank.htm -
The nation needed a central bank to regulate the money supply. This second national bank helped restore order to the nation's money and helped American businesses grow.
Source:
http://softschools.com/timelines/history_of_banking_in_the_united_states_timeline/375/ -
This act was passed to provide for emergency currency issues. The National Bank was permitted to put more currency into circulation.
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This sets up a new system of federal banks. The Federal Reserve was created as the central bank of the United States. This helped have a safer, more flexible, and more stable monetary system. source:
https://www.federalreserve.gov/aboutthefed/fract.htm -
This act separates commercial and investment banking. It created the Federal Deposit Insurance Commission. source:
https://www.federalreservehistory.org/essays/glass_steagall_act -
President Franklin D. Roosevelt enacted this reform. It was the structure , powers, and functions of the Federal Reserve. It shifted power to the Board based in Washington D.C.
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The was where delegates from forty four nations created a new international monetary system. This helped the exchange rate stability and promoted economic growth. source:
https://www.federalreservehistory.org/essays/bretton_woods_created -
This was an agreement between U.S. secretary of the Treasury and the Federal Reserve Board which resestablished the Federal Reserves Independence.
Source:
https://www.investopedia.com/terms/m/monetary-accord-1951.asp -
Jimmy Carter signed this into law. This was outlining the requirements and goals for the federal government to obtain. One goal was that the Fed chairman had to report to congress twice annually on monetary policy goals and objectives.
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This deregulated banks and gave the Fed more control of the non-member backs. This also allowed banks to merge.
Source:
https://www.investopedia.com/terms/m/monetary-control-act.asp
