eco timeline HISTORY OF BANKING IN THE UNITED STATES by Elliot Gosselin

The establishing of the first bank of usa

elgosselin1 — 2025-06-05 13:18:54 UTC

The first bank was created by Alexander Hamilton in 1791. The goal was to stabilize and generally improve the nation's credit It also helped to manage the government's finances. This was a huge step for the government banking system.

the war of 1812 and the second bank of usa

elgosselin1 — 2025-06-05 13:24:24 UTC

The War of 1812 cause a lot of financial trouble for the US. This made the government realize the need for a strong national bank The 2nd bank helped regulate currency and provide loans to the government This didn't come without criticize, though people feared centralized control.

the panic of 1837

elgosselin1 — 2025-06-05 13:27:32 UTC

The panic of 1837 was due to land investments and the collapse of a major bank that led to a country wide financial crisis it had many bank fauiluers and and economic depprestion it showed the weakness of banking without federal regulation.

the national banking act 1863

elgosselin1 — 2025-06-05 13:35:47 UTC

they established a system of national banks and created uniform national currency the goal was to stabilize the banking system and rudue reience on state centered banks.

The federal reserve act 1913

elgosselin1 — 2025-06-05 13:41:51 UTC

The creation of the fedra reserve system created central banking to manage monetary policy it also helped regulate banks this helped to provide financial stability.

the great depression and the banking act of 1933

elgosselin1 — 2025-06-05 13:45:10 UTC

the stock market crash of 1929 was what led to the Great Depression this led to a bunch of reforms to banks but the banking act made it so that commercial and investment banking to prevented future crisis.

the creation of the federal deposit insurance co.

elgosselin1 — 2025-06-05 13:47:46 UTC

this was established as part of the banking act the FDIC gave insurance to bank deposits this restored the confidence in the banking system after bank failures during the great deprestion.

The Bretton woods agreement 1944

elgosselin1 — 2025-06-05 13:50:05 UTC

This agreement established a new international monetary system it also fixed exchange rates that lead toan increase in global economic cooperation it also backed up the us dollar.

the deregulation of the 80s

elgosselin1 — 2025-06-05 13:52:35 UTC

This was a series of deregulations in the banking world this included the againts germain Institutions Act of 1982

the saving/loan crisis

elgosselin1 — 2025-06-09 13:36:53 UTC

in 1980 there was a saving/loan crisis this caused a lot of panic due to faluire in a lot of saving/loan asociations country wide.

the riegle Neal interstate banking act

elgosselin1 — 2025-06-09 13:45:27 UTC

this act allowed for banks to branch across state lines this was put in place so reapleal other acts such as the mcfadden act and the dougolas amendment.