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United States Mint
These where the places that were put in charge to turn precious metals into legal currancy. -
First National Bank
Alexander Hamilton established for first national bank in 1838. Located on 3rd St. between Walnut and Chestnut Sts., Philadelphia. Alexander Hamilton began practices such as manipulation of interest rates and subsidies for American companies that are still in use today. -
Civil War
After the South tried to succeed from the U.S. after President Lincolns election, the South continued on to form the Confederate States of America. Then, when the North was trying to send supples to Fort Sumter, the South suspected a trick and attacked. Four more states then left to go to the South, including Viriginia. Richmond then became the Capitol. West Viriginia was later founded. Then in July of 1961 the First Battle of Bull Run occurs. By now, the War has begun. Obviously, the Nor -
Creation of the Dollar
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federal reserve act
An Act To provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes. -
Stock market crash
The Crash occurred at the beginning of the Great Depression, possibly being either a sign of the depression or the major cause. That’s still heavily debated. The Stock Market Crash of 1929 is actually made up of several crashes. The first one occurred on March 25, 1929. This was a sign of the economy’s inpending doom, also along with a decrease is steel production, house construction, and car sales. The next crash occurred on October 24, 1929, and the worst crash in stock market history occ -
FDIC
The FDIC was created in response to the thousands of bank failures that occurred in the 1920s and early 1930s. The Federal Deposit Insurance Corporation (FDIC) insures the funds in the checking and savings acounts of all Americans who use banks. It has a very notable history that demonstrates that past bank troubles will not affect citizens as they have done in the past. -
in god we trust
adopted as the official motto for the United States -
Security thread and micro printing
Security thread is a way to keep people from creating their own currency to use illegaly. -
Fifty State Quarters Program act
5 new quarters were released every year in the order that the states joined the union. Each quarter featured a different state design on the back.
