-
The United States of American has been independent.(https://www.history.com/topics/american-revolution)
-
Allow federally chartered banks. (https://www.britannica.com/topic/National-Bank-Act)
-
Established federal reserve system.(https://www.federalreserve.gov/aboutthefed/fract.htm)
-
Banks lent a lot of loan to companies, and never got back. (https://www.history.com/topics/great-depression/great-depression-history)
-
Restrict interstate bank ownership and define what constitutes a bank.
-
Phases out deposit rate ceilings.
-
Allows possibility of interstate and inter-institutional mergers. (https://www.researchgate.net/figure/Timeline-of-Major-US-Banking-Laws-and-Bank-Capital-to-Asset-Ratios_fig1_313386516)
-
Mandates prompt corrective action
-
Allows BHCs to acquire banks nationwide.
-
A financial crisis caused by the bubble of real estate.(https://www.thestreet.com/personal-finance/mortgages/subprime-mortgage-crisis-14704400)
