Economics Project by COLIN PEREZ https://padlet.com/perezcol/9gvo2y0zn5z1 The History of Money in The US en-us 2019-05-09 17:22:20 UTC 2025-11-13 23:45:32 UTC hello@padlet.com The Great Depression perezcol https://padlet.com/perezcol/9gvo2y0zn5z1/wish/358948002 The Great Depression was a downfall of the economy in the 1930's. This caused many adults to lose their jobs which led to a widespread of poverty throughout the US.]]> 2019-05-10 16:30:18 UTC https://padlet.com/perezcol/9gvo2y0zn5z1/wish/358948002 The First Bank Of The United States mironenkokil https://padlet.com/perezcol/9gvo2y0zn5z1/wish/358949222  The federalists were successful in creating a strong central bank. 
In 1791, the US got a bank from congress, they used it for…
  • To hold money that the government collected taxes
  • To help the government carry out its power to tax, borrow money
  • To issue representative money in the form of bank notes 
  • To ensure that they held gold, and silver 


]]> 2019-05-10 16:32:59 UTC https://padlet.com/perezcol/9gvo2y0zn5z1/wish/358949222 The Second Bank Of The United States mironenkokil https://padlet.com/perezcol/9gvo2y0zn5z1/wish/358950806 The bank started this bank in 1816. They built the second bank to eliminate the financial chaos. Even after this many people still distrusted the the federal government's banking power. 

]]> 2019-05-10 16:36:54 UTC https://padlet.com/perezcol/9gvo2y0zn5z1/wish/358950806 National Banking Acts of 1863 & 1864 mironenkokil https://padlet.com/perezcol/9gvo2y0zn5z1/wish/358951855 During the Civil War, the National Banking Act of 1863 was passed. It was a provider for nationally chartered banks, and had to be backed by U.S. government securities. It was an amendment to the act, it required taxation on state bank notes, effectively creating a uniform currency for the nation. 

]]> 2019-05-10 16:39:40 UTC https://padlet.com/perezcol/9gvo2y0zn5z1/wish/358951855 The Gold Standard perezcol https://padlet.com/perezcol/9gvo2y0zn5z1/wish/358955921 The Gold Standard is when a country's currency has a direct link to the value of gold. You can trade paper money for a fixed price of gold. This price determines how much the money is worth. ]]> 2019-05-10 16:50:26 UTC https://padlet.com/perezcol/9gvo2y0zn5z1/wish/358955921