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The First Bank of the U.S.
The First Bank if the U.S.was created to help with war debt and to help the government. -
War of 1812
The War of 1812 made cause for the Second Bank of the U.S.when federal debt and government troubles started again. -
Bill of 1816
President Madison signed a bill in 1816 that made the Second Bank official which lasted fro 20 years. -
Bank Notes
By 1860, more than 10,000 bank notes were begun used throughout america. -
National Currency Act
In response, the Congress passed the N ational Currency Act in 1863 -
President Lincoln
In 1864, President Lincoln signed a revision of the National Currency Act. These laws helped establish new systems of banking. -
The Federal Reserve
The Fed Reserve started in 1913. -
National Bank Notes
National bank notes were the mainstay of the nations money supply until Federal Reserve notes appeared in 1914 -
The Great Depression
The Great Depression started in 1929, which was a disaster for the banking systems. -
Last Quarter rof 1931
In the last quarter of 1931 alone, more than 1,000 U.S. banks failed. -
Congress
In June 1933, Congress enacted federal deposit insurance. -
Glass-Steagall Act
Glass-Steagal Act of 1933 -
President Franklin's bank holiday
The day after President Franklin D. Roosevelt became president, he declared a bank holiday. -
Banking Act
On June 16,1933, President Franklin D. Roosevelt signed the Banking Act of 1933. -
Limitations law
In 1935, Congress passed another law that limited the number of banks and retired the national currency first issued under OCC supervision in 1863.