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Franklin D. Roosevelt declared a "bank holiday"  to try to stop a panic. After inspection only safe banks were allowed to reopen  

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Franklin D. Roosevelt declared a "bank holiday"  to try to stop a panic. After inspection only safe banks were allowed to reopen  

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1933

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Federal Reserve Act, served as the first National Bank 

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Federal Reserve Act, served as the first National Bank 

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1913

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Congress created a National Monetary Commission to prevent panics from happening again 

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Congress created a National Monetary Commission to prevent panics from happening again 

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1908

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Many banks made bad loans and gave too much credit resulting in The Panic of 1907

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Many banks made bad loans and gave too much credit resulting in The Panic of 1907

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1907

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1900

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The economic slowdown know as the Panic of 1837

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The economic slowdown know as the Panic of 1837

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1837

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Andrew Jacks refuses to renew the charter 

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Andrew Jacks refuses to renew the charter 

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1832

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Congress set up the second Bank of The United States 

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Congress set up the second Bank of The United States 

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1816

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Congress refuses to renew the Bank of The United States charter resulting in the number of banks chartered by the states to grow 

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Congress refuses to renew the Bank of The United States charter resulting in the number of banks chartered by the states to grow 

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1811

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1791