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U.S. Banking

By robbie14

  • the creation of the dollar

    the creation of the dollar
    It began with the issuance of early American currency called the colonial scrip. Even before the Declaration of Independence, the Continental Congress had authorized the issuance of dollar denominated coins and currency, since the term 'dollar' was in common usage referring to Spanish colonial eight-real coin or Spanish dollar.

  • First National Bank

    First National Bank
    it lasted until Madison refused to renew its charter in 1811. Guess Madison thought it was a failure.

  • The creation of the U.S. mint

    The creation of the U.S. mint
    When the framers of the U.S. Constitution created a new government for their untried Republic, they realized the critical need for a respected monetary system. Soon after the Constitution's ratification, Secretary of the Treasury Alexander Hamilton personally prepared plans for a national Mint

  • Second National Bank

    Second National Bank
    The President, Directors and Company of the Bank of the United States, commonly known as the Second Bank of the United States (BUS), served as the nation's federally authorized central bank during its 20-year charter from February 1817 to January 1836.

  • Gold Standard

    Gold Standard
    is a monetary system where the standard economic unit of account is based on a fixed weight of gold.

  • Civil War

    Civil War
    decades of simmering tensions between the northern and southern United States over issues including states' rights versus federal authority, westward expansion and slavery exploded into the American Civil War (1861-65).

  • In God We Trust

    In God We Trust
    The motto IN GOD WE TRUST was placed on United States coins largely because of the increased religious sentiment existing during the Civil War.

  • National Bank Notes

    National Bank Notes
    were United States currency banknotes issued by National banks chartered by the United States Government.

  • State bank Note

    State bank Note
    issued by National bank chartered by the United states Government

  • Federal Reserve Act

    Federal Reserve Act
    Introduced in the House as H.R. 7837 by Carter Glass

  • Stock Market Crash

    Stock Market Crash
    is a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth.

  • FDIC

    FDIC
    Is a United states government corporation operating as a independent agency created by the Act of 1933