The History of the US Bank by Justin Davis

1791

davisja4_1 — 2024-09-20 13:41:06 UTC

The Bank of the United States was established.

davisja4_1 — 2024-09-20 13:45:21 UTC

Congress rejected the charter ant it resulted it many more banks being made.

davisja4_1 — 2024-09-20 13:47:15 UTC

congress made second bank to restore order to the banking system

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Andrew Jackson moved all money to smaller state banks

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the small banks were irresponsible and it led to the panic of 1837

davisja4_1 — 2024-09-20 13:50:54 UTC

government made national banks that were checked to ensure safety

davisja4_1 — 2024-09-20 13:51:45 UTC

congress passed the gold standard to make gold a government backed currency

davisja4_1 — 2024-09-20 13:54:02 UTC

panic of 1907 happened because the banks made poor loan choices again

davisja4_1 — 2024-09-20 13:54:46 UTC

government created an agency to try to prevent panics from happening

davisja4_1 — 2024-09-20 13:55:55 UTC

The federal reserve banking system was established consisting of 12 national banks around the country.

davisja4_1 — 2024-09-20 13:57:18 UTC

FDIC was created in response to the great depression to ensure account holders