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The Congress of the Confederation created the Bank of North America in Philadelphia
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The Bank of New York was founded by Alexander Hamilton
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The First Bank of the United States was founded by Alexander Hamilton in 1791, but its charter ended in 1811 and was not renewed
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The Second Bank of the United States was founded by President James Madison in Philadelphia from 1816 to 1836 when its charter expired
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The Free Banking Era was where bank notes had little to no security, credit was over expanded, and depressions which caused banks to fail
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The National Banking Acts of 1863 and 1864 were two United States federal banking acts that established a system of national banks, and created the United States National Banking System
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From 1873 through 1907 financial panics continued even after the National Banking Acts
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A banking panic in 1893 triggered the worst depression America had ever seen
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Federal reserve System is created
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1929 the stock market crashed, which led to the Great Depression
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in reaction to the Great Depression, Congress passed the Banking Act of 1933 which separated commercial and investment banking
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The Treasury Accord took out the Fed's obligation to monetize the debt of the treasury at a fixed rate and became essential to the independence of central banking
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1970s showed a huge increase in inflation and took a decade to bring it back down out of double digits
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The 1990s were a time of huge economic expansion and financial prosperity
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The economy had lowered mortgage rates which made houses more affordable