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https://kenyanwallstreet.com/?s=1929+stock+market+crash
http://www.historyworld.net/index/sitesearch.asp?cx=partner-pub-6806100451075168%3Ap3uag0k4vwf&cof=FORID%3A10&ie=ISO-8859-1&q=evolution+of+banking+&x=0&y=0

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1929                            The crash of the U.S. stock market heralds the beginning of the Great Depression. The Federal Reserve keeps money tight. The Dow drops 25 percent in two days and 30 percent in one week. Public confidence in government and business plummets.

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1929                            The crash of the U.S. stock market heralds the beginning of the Great Depression. The Federal Reserve keeps money tight. The Dow drops 25 percent in two days and 30 percent in one week. Public confidence in government and business plummets.

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Fugger dynasty: 15th - 16th centuryAt the start of the 15th century the Medici are Europe's greatest banking dynasty, but their political power later distracts them from the highly focussed business of making money.

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Fugger dynasty: 15th - 16th centuryAt the start of the 15th century the Medici are Europe's greatest banking dynasty, but their political power later distracts them from the highly focussed business of making money.

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Europe's kings: 13th - 14th centuryDuring the 13th century bankers from north Italy, collectively known as Lombards, gradually replace the Jews in their traditional role as money-lenders to the rich and powerful.

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Europe's kings: 13th - 14th centuryDuring the 13th century bankers from north Italy, collectively known as Lombards, gradually replace the Jews in their traditional role as money-lenders to the rich and powerful.

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4th century BC      Private entrepreneurs, as well as temples and public bodies, now undertake financial transactions. They take deposits, make loans, change money from one currency to another and test coins for weight and purity. Read more: http://www.historyworld.net/wrldhis/PlainTextHistories.asp?groupid=2450&HistoryID=ac19&gtrack=pthc#ixzz5RNhmtdlH

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4th century BC      Private entrepreneurs, as well as temples and public bodies, now undertake financial transactions. They take deposits, make loans, change money from one currency to another and test coins for weight and purity. Read more: http://www.historyworld.net/wrldhis/PlainTextHistories.asp?groupid=2450&HistoryID=ac19&gtrack=pthc#ixzz5RNhmtdlH

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  18th century BC          In Egypt and Mesopotamia gold is deposited in temples for safe-keeping. But it lies idle there, while others in the trading community or in government have desperate need of it. In Babylon at the time of Hammurabi, in the 18th century BC, there are records of loans made by the priests of the temple. Read more: http://www.historyworld.net/wrldhis/PlainTextHistories.asp?groupid=2450&HistoryID=ac19&gtrack=pthc#ixzz5RNh5IbQc

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  18th century BC          In Egypt and Mesopotamia gold is deposited in temples for safe-keeping. But it lies idle there, while others in the trading community or in government have desperate need of it. In Babylon at the time of Hammurabi, in the 18th century BC, there are records of loans made by the priests of the temple. Read more: http://www.historyworld.net/wrldhis/PlainTextHistories.asp?groupid=2450&HistoryID=ac19&gtrack=pthc#ixzz5RNh5IbQc

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2005  The definition of capital is unchanged; however, Basel II allows the largest banks to use their own internal ratings systems to measure credit risk, as well as requires banks to measure and hold capital against operational risk.

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2005  The definition of capital is unchanged; however, Basel II allows the largest banks to use their own internal ratings systems to measure credit risk, as well as requires banks to measure and hold capital against operational risk.

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2005CitigroupCitigroup agrees to pay $2 billion to settle a class-action lawsuit over its role in the Enron collapse.In 2002, Citigroup sold stocks and bonds in the company before Enron filed for bankruptcy.

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2005CitigroupCitigroup agrees to pay $2 billion to settle a class-action lawsuit over its role in the Enron collapse.In 2002, Citigroup sold stocks and bonds in the company before Enron filed for bankruptcy.

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2004J.P. Morgan Chase logoBank of AmericaBoth J.P. Morgan Chase and Bank of America report more than $1 trillion of bank and non-bank assets.

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2004J.P. Morgan Chase logoBank of AmericaBoth J.P. Morgan Chase and Bank of America report more than $1 trillion of bank and non-bank assets.

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2003U.S. Presidentsduring the 2000sGeorge W. Bush  George W. Bush (2001-2009)For the first time, electronic payments (automatic transactions, credit cards, and debit cards) totaling $44.5 billion outnumber paper checks totaling $36.7 billion.

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2003U.S. Presidentsduring the 2000sGeorge W. Bush  George W. Bush (2001-2009)For the first time, electronic payments (automatic transactions, credit cards, and debit cards) totaling $44.5 billion outnumber paper checks totaling $36.7 billion.

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2002WorldCom logoWorldCom files for Chapter 11 bankruptcy, making it the largest filing in U.S. history.The euro replaces the currency of 12 of the 15 countries in the European Union.

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2002WorldCom logoWorldCom files for Chapter 11 bankruptcy, making it the largest filing in U.S. history.The euro replaces the currency of 12 of the 15 countries in the European Union.

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1877The Chase National Bank is chartered.

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1877The Chase National Bank is chartered.

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National Banking Act of 1865
This act, intent on getting rid of bank notes, levies a tax on state currency. The tax goes from 2 percent to 10 percent, resulting in the use of checks.

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National Banking Act of 1865This act, intent on getting rid of bank notes, levies a tax on state currency. The tax goes from 2 percent to 10 percent, resulting in the use of checks.

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National Banking Act of 1865This act, intent on getting rid of bank notes, levies a tax on state currency. The tax goes from 2 percent to 10 percent, resulting in the use of checks.

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National Banking Act of 1864This act:Establishes the Office of the Comptroller of the Currency (OCC)Initiates a system of bank examinations.

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National Banking Act of 1864This act:Establishes the Office of the Comptroller of the Currency (OCC)Initiates a system of bank examinations.

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1863
The Civil War destroys the South's economy; the North's economy flourishes.

President Abraham Lincoln composes the final Emancipation Proclamation on January 1, 1863.

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1863The Civil War destroys the South's economy; the North's economy flourishes.President Abraham Lincoln composes the final Emancipation Proclamation on January 1, 1863.

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1863The Civil War destroys the South's economy; the North's economy flourishes.President Abraham Lincoln composes the final Emancipation Proclamation on January 1, 1863.

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1862     7,000 different bank notes are in circulation; 5,500 fraudulent bank notes are in circulation.

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1862     7,000 different bank notes are in circulation; 5,500 fraudulent bank notes are in circulation.

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1843The first issue of the Bank Note Reporter is published. This weekly report on the value and validity of the bank notes was the most respected of many such publications that merchants relied upon to evaluate the reliability of currency.

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1843The first issue of the Bank Note Reporter is published. This weekly report on the value and validity of the bank notes was the most respected of many such publications that merchants relied upon to evaluate the reliability of currency.

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1837With the demise of the Second Bank of the United States in 1837, only state-chartered banks exist. During this period, known as the Free Banking Era, state chartering standards often are not very stringent, and many new banks are formed. Large numbers of them will fail. The era ends with the passage of the National Currency Act in 1863.

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1837With the demise of the Second Bank of the United States in 1837, only state-chartered banks exist. During this period, known as the Free Banking Era, state chartering standards often are not very stringent, and many new banks are formed. Large numbers of them will fail. The era ends with the passage of the National Currency Act in 1863.

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1831Comly Rich house, Philadelphia. First U.S. home financed by a savings and loan association. Rich, a maker of combs, received a loan in 1831 from the Oxford Provident Building Association, the nation's first savings institution.

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1831Comly Rich house, Philadelphia. First U.S. home financed by a savings and loan association. Rich, a maker of combs, received a loan in 1831 from the Oxford Provident Building Association, the nation's first savings institution.

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1829New York is the first state to adopt an insurance plan for bank obligations. Between 1829 and 1866, five other states adopt similar plans.

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1829New York is the first state to adopt an insurance plan for bank obligations. Between 1829 and 1866, five other states adopt similar plans.