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United States Banking History

  • The Navigation Act of 1673 went into effect

    The Navigation Act of 1673 went into effect

    initiated customs officials in colonial ports to collect duties.
  • Paper Money

    Paper Money

    The Massachusetts Colony issued the first government authorized paper money in the western world.
  • Stamp Act

    Stamp Act

    The first direct tax levied by Parliament on the colonists was passed. An economic boycott led to its repeal.
  • Declaration of Independance

    Declaration of Independance

    It was Approved
  • Coin Money

    Coin Money

    The Articles of Confederation regulated coin alloys and values.
  • Weights and Measures

    Weights and Measures

    Congress authorized the Treasury Board to fix standard weights and measures for the United States.
  • Postal Service

    Postal Service

    It was esablished by congress
  • Bank of United States

    Bank of United States

    The bank of the united states was chartered
  • Alexander Hamilton

    Alexander Hamilton

    Alexander Hamilton resigned, ending his term as the 1st Secretary of the Treasury.
  • Bank of US

    Bank of US

    Closes permanently
  • Second Bank

    Second Bank

    Second bank Was approved
  • Veto of 2nd Bank charter

    Veto of 2nd Bank charter

    1832 – Andrew Jackson Campaigns Against the 2nd Bank of the US and Vetoes Bank Charter Renewal
  • First paper money

    First paper money

    The first United States paper currency was produced by the Treasury Department
  • National Banking system

    National Banking system

    Congress establishes banking system
  • Banking Panic

    Banking Panic

    Banking Panic when stock exchange dropped
  • Federal Income tax

    Federal Income tax

    The Federal income tax on individuals and corporations began.
  • Great Depression

    Great Depression

    Great depression begins
  • Gold Coin

    Gold Coin

    The American Eagle Gold Bullion Coin was struck. This marked the first time since 1933 that the United States Mint produced a gold coin.
  • Banks grow even larger

    Banks grow even larger

    The Financial Services Modernization Act Allows Banks to Grow Even Larger
  • Finanicial Crisis

    Finanicial Crisis

    Worst Financial Crisis Since the Great Depression