Josue Chicas Hinton - Currency and Federal Reserve History

  • U.S started

    U.S started

    this is when the U.S was founded and thus economy started.
  • The Department of Treasury

    The Department of Treasury

    The Department of Treasury was made to manage government revenue.
  • First bank of the U.S

    First bank of the U.S

    The first bank was the first try at central banking in Philadelphia.
  • The first U.S mint

    The first U.S mint

    The first U.S mint was made in Philadelphia to make money.
  • The dollar bill

    The dollar bill

    This is when the dollar bill was created under president Lincoln.
  • The Secret Service

    The Secret Service

    The Secret Service was made to stop counterfeiters who diminished the public's confidence on the U.S currency.
  • Federal Reserve System

    Federal Reserve System

    This system was created with the federal reserve act because of a lot of financial panics.
  • Open Market

    Open Market

    The Fed started to do open market operations with places like the Bank of England because Benjamin Strong knew that gold was no longer served as a central factor for controlling credit.
  • The great depression

    The great depression

    This was when the economy was at it's lowest because the stock market crashed wiping out a bunch of investors ending in 1939.
  • Social Security Administration founded

    Social Security Administration founded

    The social security administration help with social security and has a social insurance program.
  • $100 bill

    $100 bill

    This cost 12.6 cents to make and was redesigned on October 8, 2013
  • Inflation

    Inflation

    This was when producer and consumer prices skyrocketed like the price of oil.
  • Housing market crash

    Housing market crash

    the housing market experienced the largest price drop in its history because of subprime loans.
  • American Recovery and Reinvestment Act

    American Recovery and Reinvestment Act

    this act cut taxes and used federal funds to help create new jobs passed by Barack Obama and the Congress.