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U.S started
this is when the U.S was founded and thus economy started. -
The Department of Treasury
The Department of Treasury was made to manage government revenue. -
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 was made in Philadelphia to make money. -
The dollar bill
This is when the dollar bill was created under president Lincoln. -
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
This system was created with the federal reserve act because of a lot of financial panics. -
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
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
The social security administration help with social security and has a social insurance program. -
$100 bill
This cost 12.6 cents to make and was redesigned on October 8, 2013 -
Inflation
This was when producer and consumer prices skyrocketed like the price of oil. -
Housing market crash
the housing market experienced the largest price drop in its history because of subprime loans. -
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.
